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A $10,000 loan with interest at 5% per year, compound annually, is scheduled to be replaced in fifteen equal annual installments, the first payment after

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A $10,000 loan with interest at 5% per year, compound annually, is scheduled to be replaced in fifteen equal annual installments, the first payment after one year. At the rod of year 2, the borrower makes an additional payment of $1,000, Level annual installments m the original amount are continued until a final partial payment will liquidate the loan. In which of the following ranges is the amount of the final payment? A $10,000 loan with interest at 5% per year, compound annually, is scheduled to be replaced in fifteen equal annual installments, the first payment after one year. At the rod of year 2, the borrower makes an additional payment of $1,000, Level annual installments m the original amount are continued until a final partial payment will liquidate the loan. In which of the following ranges is the amount of the final payment

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