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A loan is to be repaid in N level installments, one due at the end of each year for N years. The principal repaid in

A loan is to be repaid in N level installments, one due at the end of each year for N years. The principal repaid in the 4^th payment is $11.74 and the principal outstanding balance after 4^th payment is $223.32. The effective annual interest rate is 4%. Find N

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