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1. Your friend, Mamat has just started his business in Seri Iskandar, Perak. As he does not have sufficient cash to run his business, he recently made three separate loans with final values after three years of RM 650,000 from three different banks. All the three loans of RM100,000, RM200,000 and RM 350,000 need to be paid within 3 years. He plans to put his funds into three different sinking funds accounts where one fund is invested in an account earning 8% per year compounded quarterly, another fund is invested in an account earning 10% semiannually and the rest is invested in an account earning 12% compounded monthly. As Mamat is facing difficulty to organize his sinking funds, help him by proposing the most appropriate sinking fund schedules for each loan with detailed explanations on each of the choices. You need to provide all possible computations in your answer.