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6 . ) Peter deposits 2 , 2 0 0 into an account. the account is credited intelest at a force of intelat of .

6.) Peter deposits 2,200 into an account. the account is credited intelest at a force of intelat of . After 13 years, the vale of peters account is 6,850. Calculate 8.
8. Sidney borrows 12,000. The loan is governed by an annual effective interest rate of 6%. Sidney repays 4,000 at the end of year 2 and x at the end of year 3 in order to exactly Pay off the loan. Find x.
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