Goal-seek Loan Amortization Schedule

• Amount of the loan: $500,000
• Length of the loan: 30 years
• Payment: Equal annual payment
• Interest rate: Annual interest rate is 3.0% in year 1, and increases at 0.1% increment every year after that. So Year 2's rate will be 3.1%, Year 3's rate will be 3.2%, etc.(It's a simple addition, each following year's rate will be previous year's rate + 0.1%)