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A 20 year loan has level end of the year annual payments based on an annual interest rate of 6%. The principal portion of the

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A 20 year loan has level end of the year annual payments based on an annual interest rate of 6%. The principal portion of the 10th payment is 500. Calculate the interest portion of the 13th payment. This Is Financial Mathematics. PLEASE SOLVE OUT ON PAPER, SOLVE SHOWING ALL STEPS, STEP BY STEP. SHOW ALL FORMULAS USED the year 4 A 20 year loan has level end of annual payments based on an annual interest rate of 6% The principal portion of the 10th payment is 500. Calculate the interest portion of the 13th payment

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