You need to borrow $$18,000$ to buy a truck. The current loan rate is an annual $12\%$ with interest added monthly and you want to pay the loan off in equal monthly payments over $5$ years. What is the size of your monthly payment assuming payments are at the end of the month?

a$)$ Is it a single sum or an annuity.

b$)$ Write here what you are looking for

c$)$ Fill in the following.

$\backslash$table$[[PV,=,N,=,],[FV,=,$I,$=,$Your answer:$],[PMT,=,,,]]$

You borrowed $$500,000$ to buy a house. It is a $30$ year mortgage at an annual interest rate of $7\%$ with interest added monthly. How much is your payment?

a$)$ Is it a single sum or an annuity.

b$)$ Write here what you are looking for

c$)$ Fill in the following.

$\backslash$table$[[PV,=,N,=$