29 2 pts At the beginning of the year you borrowed $48,595 and have agreed to amortize the loan over 6 years making equal annual payments at the end of each year. Therefore at the end of that time the loan balance must be zero. You offered to pay 4.34% interest rate on the loan. What would be the balance on the loan at the beginning of the second year? Round to the nearest penny and enter your answer in the box below. Question 30 2 pts Your roommate has a great business idea, but needs a little more money to get it off the ground. You offer your entire savings of $10,500 as a silent partner in his business. You think that over the first 9 years, the value of your investment will grow to be worth $48,985. What annual rate of return does that represent? Please enter your answer without the "%" sign (in other words as 12.45 for 12.45%)