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Business, 19.02.2020 04:55 judyewert

A loan is being repaid in five annual payments. The first two payments are $200. The third and fourth payments are $400. The final payment is $500. The annual effective interest rate is 6%. Determine the interest portion of the third payment.

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A loan is being repaid in five annual payments. The first two payments are $200. The third and fourt...
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