Question 6 A $120,000 home loan is being repaid with total month-end installments of $991.95 using the sinking fund method. The monthly convertible interest rates for the loan and the sinking fund are 7% and 5%, respectively There is a single equivalent interest rate that under the amortization method would have the same $991.95 payment for a 20 year month-end payment of $120,000. Find the payment for a $30,000 loan using the single equivalent interest rate from above with month-end payments and a term of 10 years. (You may estimate the single interest rate with a formula or your calculator.) Monthly payment of second loan: Please show your work below