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7. Donald takes out a loan to be repaid with annual payments of 1000 at the end of each year for 2n years. The

7. Donald takes out a loan to be repaid with annual payments of 1000 at the end of each year for 2n years. The annual effective interest rate is 7.25%. The sum of the interest paid in year 1 plus the interest paid in year n + 1 is equal to 1760. Calculate the amount of interest paid in year 12.

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