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You are working as a Financial Analyst at Company XYZ. Your company is growing rapidly...

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Finance

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You are working as a Financial Analyst at Company XYZ. Your company is growing rapidly and wants to expand further in its business. To establish a new product, Company XYZ wants to fund its capital by borrowing a loan amount of $P. The Finance Team has received two loan options from two different banks, as illustrated below: Option A: The loan will be repaid by a total of 24 payments that will be made every month (a period of 2 years). Bank A charges a nominal rate of interest of rA compounded monthly. Option B: The loan will be repaid by a total of 24 payments that will be made every quarter (a period of 6 years). Bank B charges a nominal rate of interest of rB compounded quarterly. Task 1A: Amortization Table for Option A Loan Amount, P=150,000 Amortization Payment, RA= Interest Rate, rA=3.36%compoundedmonthly. Total Interest Paid = Check

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