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(1 point) Charlie borrowed $121000 today. The interest rate on the loan is j1 = 4.5% for the first 5 years, then it changes to

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(1 point) Charlie borrowed $121000 today. The interest rate on the loan is j1 = 4.5% for the first 5 years, then it changes to j1 = 8.6% thereafter. To repay the loan, Charlie makes yearly payments of R dollars (in the end of year) from year 3 to year 10. What is R? Answer: $ 23633.39073337

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