Please do not use excel :)

1) You take out a 30 year loan of $275,000 with an effective annual interest rate of i. You pay this off with 30 annual interest payments at the end of each year, along with 30 level annual deposits into a sinking fund earning an effective annual interest rate of j = 5%, for a total payment of $18,000 at the end of each year. Find the loan interest rate i. 1) You take out a 30 year loan of $275,000 with an effective annual interest rate of i. You pay this off with 30 annual interest payments at the end of each year, along with 30 level annual deposits into a sinking fund earning an effective annual interest rate of j = 5%, for a total payment of $18,000 at the end of each year. Find the loan interest rate