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28. Ron is repaying a loan with payments of 1 at the end of each year for n years. The annual effective interest rate on
28. Ron is repaying a loan with payments of 1 at the end of each year for n years. The annual effective interest rate on the loan is i. The amount of interest paid in year t plus the amount of principal repaid in year t + 1 equals X. Determine which of the following is equal to X. (B) 1+ 1+v947 1+vid 1+1** (E) 28. Ron is repaying a loan with payments of 1 at the end of each year for n years. The annual effective interest rate on the loan is i. The amount of interest paid in year t plus the amount of principal repaid in year t + 1 equals X. Determine which of the following is equal to X. (B) 1+ 1+v947 1+vid 1+1** (E)
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