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A loan is being repaid with 25 annual payments of 300 each. With the 10th payment, the borrower pays an extra 850, and then repays

A loan is being repaid with 25 annual payments of 300 each. With the 10th payment, the borrower pays an extra 850, and then repays the balance over 10 years with a revised annual payment. The effective rate of interest is 8%. Calculate the amount of the revised annual payment

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