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6. Jan gives Ted a loan at 4% effective to be repaid by 10 annual payments of 100, followed by 5 annual payments of 200.
6. Jan gives Ted a loan at 4% effective to be repaid by 10 annual payments of 100, followed by 5 annual payments of 200. Just after Ted makes the 5th payment, Jia and Ted discover that each of the 15 payments should have been 10% higher than they were originally scheduled. They agree that Ted will make increased payments of K in the 6th through 10th years to adjust for the error. The payments of 200 in the 11th through 15th years will not change. Determine K. Select one: O a. 113 O b. 139 O c. 149 O d. 129 e. 145 6. Jan gives Ted a loan at 4% effective to be repaid by 10 annual payments of 100, followed by 5 annual payments of 200. Just after Ted makes the 5th payment, Jia and Ted discover that each of the 15 payments should have been 10% higher than they were originally scheduled. They agree that Ted will make increased payments of K in the 6th through 10th years to adjust for the error. The payments of 200 in the 11th through 15th years will not change. Determine K. Select one: O a. 113 O b. 139 O c. 149 O d. 129 e. 145
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