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For an actuarial science course 18. Replacement of Capital You loan $16,000 with annual end-of-year payments for 10 years at 6% annual effective interest. (a)

image text in transcribedFor an actuarial science course

18. Replacement of Capital You loan $16,000 with annual end-of-year payments for 10 years at 6% annual effective interest. (a) Find the size of the payment. (b) You deposit part of each payment into a fund that earns 4% annual effective interest to replace the capital. Find the size of each deposit. (c) Find the yield rate on the investment

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