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Kim is the CFO at a DenA Corp. The firm just took $1.32M loan with...

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Kim is the CFO at a DenA Corp. The firm just took $1.32M loan with 36 equal bi-monthly payments and an annual interest rate of 9 % compounded every two months. a) What is the bi-monthly payment of the loan? b) show the Amortization table for the loan at the time of 6th and 25th payments. Include balance owing before the payment, interest and principal portion of the payment, and balance owing after the payments. You need to include the formula or the factor style formulation and explain the process of finding each value. (Excel can be used for calculation only)

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