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a (weight 10p) Consider a loan of 1000 to be paid back in 5 equal instalments due at yearly intervals. The instalments include both the

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a (weight 10p) Consider a loan of 1000 to be paid back in 5 equal instalments due at yearly intervals. The instalments include both the interest payable each year calculated at 10% of the current outstanding balance and the repayment of a fraction of the loan. What is the amount of interest included in each instalment? How much of the loan is repaid as part of each instalment

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