13-21

In Problems 11 and 12 determine the size of the payments for a $3500 loan that must be repaid in four yearly pay- ments at the stated annual interest rate 11.49 12. 129 In Problems 13 to 16 determine the monthly car install- ments on the stated loan at the annual interest rate com- prounded monthly 13. $2000 loan for 4 years at 18% 14. $1000 loan for 2 years at 18% 15. $2500 loan for 2 years at 6%. 16. $1200 loan for 3 years at 6%. In Problems 17 to 20 determine the monthly house pay- ments on the stated loan at the annual interest rate com- pounded monthly 17. $60,000 loan for 20 years at 9%. 18. $40,000 loan for 25 years at 8%. 19. $120,000 loan for 30 years at 8%. 20. $75,000 loan for 25 years at 9%. 21. Construct the payment schedule for the loan in Prob- lem 9