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(Aelated to Clieckpoind 6.1) (Annuity payments) A fim bonows $30,000 trom the bask at is percent compounded annusly to purchase some new machinery. This loan

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(Aelated to Clieckpoind 6.1) (Annuity payments) A fim bonows $30,000 trom the bask at is percent compounded annusly to purchase some new machinery. This loan is to be iepaid in equal anrual instaltents at the end of each year over the next b years. How much wit each annial pargmere be? The amoure of each anik paymert wall be ? IRornd to the nearest cent

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