6. Loans 1,2 and 3 are in the amounts of X,Y and Z, respectively. They are...

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6. Loans 1,2 and 3 are in the amounts of X,Y and Z, respectively. They are repaid as follows. Loan 1: 1800 at times t = 1, 2, 3, 4, 5, respectively. Loan 2: 9000 at time t = 3. Loan 3: 9000 at time T> 0. Suppose the annual effective interest rate for all three loans is i. It is also given that X - Y = 100 and 0<i< 1. Finally, assume X = Z. Find T. 6. Loans 1,2 and 3 are in the amounts of X,Y and Z, respectively. They are repaid as follows. Loan 1: 1800 at times t = 1, 2, 3, 4, 5, respectively. Loan 2: 9000 at time t = 3. Loan 3: 9000 at time T> 0. Suppose the annual effective interest rate for all three loans is i. It is also given that X - Y = 100 and 0<i< 1. Finally, assume X = Z. Find T.

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