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1. A 15 year loan of 1,000 is repaid with payments at the end of the year. Each of the first 10 payments equals 140%

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1. A 15 year loan of 1,000 is repaid with payments at the end of the year. Each of the first 10 payments equals 140% of the amount of interest due. Each of the last 10 payments is X. The lender charges interest at 10% annually. Calculate X (A) A2 (B83 ICI 84 (D) 86 (E) RA 1. A 15 year loan of 1,000 is repaid with payments at the end of the year. Each of the first 10 payments equals 140% of the amount of interest due. Each of the last 10 payments is X. The lender charges interest at 10% annually. Calculate X (A) A2 (B83 ICI 84 (D) 86 (E) RA

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