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A loan is repaid with level annual payments based on an annual effective interest rate of 6%. The 7th payment consists of 778 of interest

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A loan is repaid with level annual payments based on an annual effective interest rate of 6%. The 7th payment consists of 778 of interest and 222 of principal. Calculate the amount of interest paid in the 17th payment. Select one: O A. 556 O B. 631 O C. 585 D. 602 O E. 659

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