Question: Question 5 A loan is being repaid using the sinking fund method with annual year-end interest payments of 2,000 and sinking fund payments of 3,332

Question 5 A loan is being repaid using the sinking fund

Question 5 A loan is being repaid using the sinking fund method with annual year-end interest payments of 2,000 and sinking fund payments of 3,332 for a term of 10 years. The effective rate of interest on the loan is 25% more than that of the sinking fund (i = 1.25j). = Find the amount of the loan. Amount of the loan: Question 5 A loan is being repaid using the sinking fund method with annual year-end interest payments of 2,000 and sinking fund payments of 3,332 for a term of 10 years. The effective rate of interest on the loan is 25% more than that of the sinking fund (i = 1.25j). = Find the amount of the loan. Amount of the loan

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