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A loan is repaid in ten annual installments with the first installment paid one year after the loan is made. The effective annual interest rate
A loan is repaid in ten annual installments with the first installment paid one year after the loan is made. The effective annual interest rate is i The total amount of principal repaid in the fifth, sixth, and seventh payments combined is What is the total amount of interest paid in the second, third, and fourth payments combined?
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