36. each year, will the remainder of the 2,013 payments be just sufficient to repay the loan?...

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36. each year, will the remainder of the 2,013 payments be just sufficient to repay the loan? If a person deposits 1,000 on an account that pays him 10 per cent for the first five years and 13 per cent for the following eight years, what is the annual compound rate of interest for the 13-year period?

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