Charlie borrowed $148000 today. The interest rate on the loan is j1=4% for the first 5 years, then it changes to j1=8.9%

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answerhappygod
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Charlie borrowed $148000 today. The interest rate on the loan is j1=4% for the first 5 years, then it changes to j1=8.9%

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Charlie borrowed $148000 today. The interest rate on the loan is
j1=4% for the first 5 years, then it changes to j1=8.9% thereafter.
To repay the loan, Charlie makes yearly payments of R dollars (in
the end of year) from year 3 to year 11. What is R?
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