Question: 3. A BORROWER IS REPAYING A LOAN AT 4% EFFECTIVE WITH PAYMENTS AT THE END OF EACH YEAR FOR 10 YEARS, SUCH THAT THE PAYMENT

 3. A BORROWER IS REPAYING A LOAN AT 4% EFFECTIVE WITH

3. A BORROWER IS REPAYING A LOAN AT 4% EFFECTIVE WITH PAYMENTS AT THE END OF EACH YEAR FOR 10 YEARS, SUCH THAT THE PAYMENT AT THE END OF THE FIRST YEAR 15 $100, THE SECOND YEAR $110, THE THIRD TEAR $120, AND SO FORTH, UNTIL THE TENTH YEAR WHEN IT IS $190." (U FIND THE AMOUNT OF THE LOAN. (2) FIND THE INTEREST AND PRINCIPAL IN THE SIXTH PAYMENT

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