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A loan is being repaid with equal annual installments at 4% effective per annum. If the principal repaid in the next to last installment is
A loan is being repaid with equal annual installments at 4% effective per annum. If the principal repaid in the next to last installment is $100, find the interest contained in the installment due 5 years before the last installment. A. 18.52 B. 21.81 C. 19.39 D. 19.26 E. 22.68
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