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A 10-year loan of 1000 is repaid with payments at the end of each year. Each of the first five payments equals 140% of the

A 10-year loan of 1000 is repaid with payments at the end of each year.

Each of the first five payments equals 140% of the amount of interest due. Each of the last five payments is X.

The lender charges interest at an annual effective rate of 10% . Calculate X

A. 229

B. 232

C. 215

D.202

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