You are given that a $30,000 loan is being repaid by equal annual amounts of principal for 30 years plus annual interest of 4% on the outstanding balance Immediately after the loan was made, the loan was sold to an investor Find the price the investor paid to earn an effective annual interest of 5% on this investment. Hannah takes out a 25-year loan which she repays by the amortization method at an annual effective interest rate 3% Compute the principal repaid in the 11th payment if the principal repaid in the 7th payment is equal $328