A. Assume that you are an employee in ABC Company and in February 2018, you approached the Workers' Credit Union in your organization to buy two Sony TV sets at Br.25, 000. The loan will be repaid within 42 months at equal installment quarterly at cost of 3% interest rate. The total service charge and cost related to credit facility for the first year and the second year of loan period are 2% and 3% of total loan respectively. Assuming that the union's policy is simple interest rate on outstanding loan and advances, perform the following required tasks.
Task f. Calculate the principal payment and cost of loan for half of the 1 year of loan period.
Task 2. Calculate the principal payment and cost of loan at the end of second year of loan period?
Task 3. Calculate the outstanding balance of loan at end of 12th round of loan period?
Task 4. Calculate the principal loan repaid and all costs paid at end of the loan period?​