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3. A loan is to be repaid by annual installments of X at the end of each year for 16 years. You are given: (i)

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3. A loan is to be repaid by annual installments of X at the end of each year for 16 years. You are given: (i) The total principal repaid in the first 3 years is 137.85; and (ii) The total principal repaid in the last 3 years is 294.03. Calculate the total amount of interest paid during the life of the loan

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