Using the template, fill out an amortization schedule/sinking fund schedule for the following:A $100,000 loan with level payments made at the end of each year for 30-years. Assume an annual effective interest rate on the loan of 5% and that the loan is repaid with the amortization method.A $100,000 loan with level payments made at the end of each year for 30-years. Assume an annual effective interest rate on the loan of 5% and that the loan is repaid with the sinking fund method. Assume the sinking fund earns an annual effective rate of 5%.A $100,000 loan with level payments made at the end of each year for 30-years. Assume an annual effective interest rate on the loan of 5% and that the loan is repaid with the sinking fund method. Assume the sinking fund earns an annual effective rate of 10%.All projects must be submitted using the template posted on Moodle (Excel Project 1 Template.xls). You may work in groups, but your final submission must be your own work.
Amortization schedule/sinking fund schedule
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