#6 You borrow 10,000 from your bank for 10 years at i = 0.06. You could repay this loan with level payments of X at the end of each of the 10 years. But your bank gives you the option of using a sinking fund to repay principal, providing you make annual interest-only payments. You find a sinking fund that pays interest at i = 0.074. The deposits to the sinking fund are equal to Y. (Y excludes the interest payment that goes directly to your bank.) Find: Y