6-19

6-18. (Caicu year. She will have to make an annual p years. What will be the applicable rate of interest if she worth 20,000 that she UJ to Checkpoint 6.1 on page 196 ank at 10 per- rrowed $60,000 from a bakg L at 10 has started a business in Hong Kong a cent compounded annually. This I 6-19. (Calculating annuity payments) (Relat is loan will be repaid in equal installments at the oer. much will each annual installment bnd of each year over the next seven years. How than plan to buy their dream bo house in 6-20. (Calculating annuity payments) Mike and Be hey are ve to de They expect to need 30,000 to do so at that time. Theya nrr annum. How much do they have todving posi ul denosit is made? SIt