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A loan of $ 1 0 , 0 0 0 is amortized by equal annual payments for 3 0 years at an effective annual interest
A loan of $ is amortized by equal annual payments for years at an effective annual interest rate of Determine the year in which the interest portion of the payment is most nearly equal to onehalf of the payment.
The year that the interest portion of payment is most nearly equal to onehalf of the payment
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