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A 20-year loan is being repaid with level annual payments of 500 at the end of each year. The annual effective interest rate is 6%.

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A 20-year loan is being repaid with level annual payments of 500 at the end of each year. The annual effective interest rate is 6%. (i) Calculate OB, and OB 10. [10 pts) (ii) Calculate 110 (5 pts] (iii) Calculate PR10. (5 pts]

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