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(3.4a) Can someone please help me with this problem? Attached is an example to help Question 3 1 pts 3. Nikita takes out a 18-year
(3.4a) Can someone please help me with this problem? Attached is an example to help Question 3 1 pts 3. Nikita takes out a 18-year loan. The loan is repaid by making 18 annual repayments at the end of each year. The first loan repayment is equal to X, with subsequent repayment 3.8% greater than the previous year's repayment. The annual effective interest rate being charged on the loan is 10%. The amount of interest repaid during the first year is equal to 3,785.40. Calculate X. [6.e #05) Nikita takes out a 16-year loan. The loan is repaid by making 16 annual repayments at the end of each year. The first loan repayment is equal to X, with subsequent repayment 4% greater than the previous year's repayment. The annual effective interest rate being charged on the loan is 6%. The amount of interest repaid during the first year is equal to 1.523.43. Calculate X. (6.805) A) 3,622 B) 3,459 C) 3,513 D) 3,567 E) 3,676 I. - 3785.40 = L(0.10) is 10% k 3.8% is one L = 37,854 5.973. 1.904 1.962 1.875 1.991 1.933 37,854 = 1Is aini - x - 3621.57
(3.4a)
Can someone please help me with this problem?
Attached is an example to help
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