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Answer the following question (1*10=10) Question: 4 a. Mr. Mamun borrowed Tk. 145,000 from Dhaka...

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Answer the following question (1*10=10) Question: 4 a. Mr. Mamun borrowed Tk. 145,000 from Dhaka Bank at a 11.5% annual rate of interest to be repaid over one year period of time. The loan is amortized into 12 equal end-of-month payments. The early settlement fees are 2.5% on owed amount. Requirements: I. Calculate the end-of-month loan payment II. Prepare a loan amortization schedule showing the interest and principal breakdown of cach of the twelve loan payments. III. Explain why interest decreased gradually in this process? and show EAR to justify your findings. IV. If the borrower wants to go for loan settlement at the end of year 3, what will be trade-off

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