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Tinashe wish to borrow 5 -years loan of RM30,000 with 12% interest convertible quarterly. He plan to pay the loan in lum sum at the

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Tinashe wish to borrow 5 -years loan of RM30,000 with 12% interest convertible quarterly. He plan to pay the loan in lum sum at the end of the term. In the meantime he plan to deposit in sinking fund in order to accumulate RM30,000 at the end of 5 years. The sinking fund earning 10% every quarter. Construct the 5 -years sinking fund schedule for this loan. (10 Marks)

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