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4. (5 pts) Interest on a ten-year loan of 10,000 loan is at an annual effective interest rate of i. The sinking fund method is

4. (5 pts) Interest on a ten-year loan of 10,000 loan is at an annual effective interest rate of i. The sinking fund method is used to repay the loan. The annual sinking fund deposit is twice the amount of the annual interest paid on the loan. The sinking fund credits interest at an annual effective rate of 0.9i. Calculate i. CS Scanned with CamScanner

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