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#9 A 20-year loan of 1000 is repaid with payments at the end of each year. Each of the first ten payments equals 150% of

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#9 A 20-year loan of 1000 is repaid with payments at the end of each year. Each of the first ten payments equals 150% of the amount of interest due (these amounts are NOT level). Each of the last ten payments is X. The lender charges interest at i = 0.07 Calculate X

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