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1) A loan of $100 at 5% is discharged by interest payments of $5 per year and payments of $10 per year into a sinking

1) A loan of $100 at 5% is discharged by interest payments of $5 per year and payments of $10 per year into a sinking fund to accumulate the principal. The sinking fund earns 4%. If the last payment into the sinking fund is less than $10, for how many years are sinking fund payments made? Find the amount of the final payment.

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