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A loan is being repaid with installments of 1 at the end of each y~ar for 20 years. Interest is at effective rate i for
A loan is being repaid with installments of 1 at the end of each y~ar for 20 years. Interest is at effective rate i for the first 10 years and effective rate j for the second 10 years. Find expressions for:
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a) The amount of interest paid in the 5th installment.
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b) The amount of principal repaid in the 15th installment.
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