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Question 2 Prepare an annual amortization table for a $100,000 loan to be amortized over...

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Question 2 Prepare an annual amortization table for a $100,000 loan to be amortized over 10 years at an annual interest rate of 7% compounded monthly. Further using your amortization table, answer the following questions in excel: (a) What is the total interest paid during the loan term? (b) What component (in dollars) of the payment made in Year 5 represents interest? (c) Suppose that the annual interest rate is reviewed to 8% at the end of the 5th year, and fixed thereafter. What will be the monthly loan repayment for the remainder of the loan term

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