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uestion 14 (3 points) Construct an amortization schedule for a $5,000 loan to a customer at 7.25% p.a. interest rate. The customer is to repay
uestion 14 (3 points) Construct an amortization schedule for a $5,000 loan to a customer at 7.25% p.a. interest rate. The customer is to repay the loan in four equal annual installments at the end of each year. What is the annual installment payment the customer will have to make? (Hint: amortization schedule includes columns for: Year, Beginning Balance, Payment, Interest, Repayment of Principal, and Ending Balance) REMINDER: You may NOT use a financial calculator or a computer/laptop/tablet/any other device with a spreadsheet software such as MS Excel or equivalent. You may use only a simple calculator to answer the question. O $1,836.04 $1,683.36 $1913.97 O $1,484.48
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