If you borrow $10,000 at 10% compounded annually with the repayment schedule P=$ 10,000 0 1 T A A=? 2 A 3 4 A 5 A+100 6 A+200 7 A+300 8 A+400 9 A+500 10 years A+600 A n=10 P = $10000 Uniform A A + A = P(AIR,1,n) + [10] Gradient 100 (PIG, i", n)

If you borrow $10,000 at 10% compounded annually with the repayment [10] 2110 P = $10000 Uniform Gradent 2 3 5 6 7 9 10 years A+100 A A A P-$10,000 A+300 A+400 A+500 A = P(AP,in) + 100 (PIG, is, n) A+200 A+600