A manager wishes to finance the purchase of a building to the value of $150,000 using an amortised loan involving equal annual repayments and an interest rate of 6% over a five-year period.

Determine the annuity factor from the following table to calculate the annual repayment amount. Enter as a numeric, rounded to a whole dollar & do not include the $ sign

(Please include Excel formulas)

n	i
	.06 (6%)	.08 (8%)	0.1 (10%)
1	1.0600	1.0800	1.1000
2	0.5454	0.5608	0.5762
3	0.3741	0.3880	0.4021
4	0.2886	0.3019	0.3155
5	0.2374	0.2505	0.2638
6	0.2034	0.2163	0.2296