UESTION THREE while it is we opp r ciated that int "rested rates are the cost of borrowing money. it is also advised that borrowers should understand the nuances and impications of different rates charged by londers. It is often argued that there is imore to the quoted rate than meets the eye (15 marks) paymients at the and of each month The lender charges a 36 percent inlerest rate peir annum but payment munde monithly Prepare an amortisation schedule tor this tacility (10 marks) Total 20 Mans)