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A loan of 12,000 is repaid with 10 annual payments that are made at the end of each year, The annual effective interest rate is

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A loan of 12,000 is repaid with 10 annual payments that are made at the end of each year, The annual effective interest rate is 10% Each of the first 5 payments equals 200% of the interest that is due. The second 5 payments are level payments, and the amount of each level payment is R. Calculate R. ent

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