Interest-only loan (regular interest payments each year and principal at maturity). Chuck Ponzi has talked an elderly woman into loaning him $30,000....

Interest-only loan​ (regular interest payments each year and principal at​ maturity).  Chuck Ponzi has talked an elderly woman into loaning him $30,000. or a new business venture. She​ has, however, successfully passed a finance class and requires Chuck to sign a binding contract on repayment of the $30,000 with an annual interest rate of 6% over the next 5 years. Determine the cash flow to the woman under an​ interest-only loan, in which Ponzi will pay the annual interest expense each year and pay the principal back at the end of the contract.