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Allen repays a loan with n annual payments of 1,000 each. The principal repaid in the 5th payment is 143.75. The principal repaid in the
Allen repays a loan with n annual payments of 1,000 each.
The principal repaid in the 5th payment is 143.75. The principal repaid in the 10th payment is 203.91.
Calculate the amount of interest paid in the 20th payment.
(Hint: Find 1+i, or v, using PR_5 and PR_10)
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