PERSONAL FINANCE EXAMPLE Chuck Solis currently has three loans outstanding, all of which mature in exactly 6 years and can be repaid without penalty any time prior to maturity. The outstanding balances and annual interest rates on these loans are noted below. Outstanding balance Annual interest rate Loan 9.6% $26,000 9,000 45,000 10.6 7.4 PERSONAL FINANCE EXAMPLE Chuck Solis currently has three loans outstanding, all of which mature in exactly 6 years and can be repaid without penalty any time prior to maturity. The outstanding balances and annual interest rates on these loans are noted below. Outstanding balance Annual interest rate Loan 9.6% $26,000 9,000 45,000 10.6 7.4