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A 2 0 - year loan of 1 0 0 0 is repaid with payments at the end of each year.Each of the first ten

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. Each of the last ten payments is X

.

The lender charges interest at an annual effective rate of

10 % .

Calculate X

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