You want to purchase a new Car for OMR $($Choose your amount $\_20\mathrm{.}000\_\_\_\_\_\_\_\_).$ You pay a $20\%$ down payment and agree to pay the remaining amount in one year in equated monthly installments by applying loan. The rate of interest is $7\%$ p$.$a$.$

You are required to calculate Equated Monthly Installments $($EMI$)$ by using the Flat Interest Rate Method and prepare the amortization table for $1$ year.