Q2: you borrow $230,000, the annual loan payments are $20,430 for 30 years, what interest rate are you being charged? (3 Marks)

Q5: Adam bought a house. he estimates that the renewed cost for this house is 25,000 after 30 years. To cover these costs, he intends to save an equal amount of money at the end of each year, earning7% annual interest rate. How much is such a yearly annuity? (4 Marks)