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A loan of 30 000 is repaid bya level annuity certain payable annually in arrears for 20 years, Detirmined on the basis of an interest

A loan of 30 000 is repaid bya level annuity certain payable annually in arrears for 20 years, Detirmined on the basis of an interest rate of 15%pa

1, show that the first repayment for which the capital content exceeds the interest content is n=16.0405

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