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Amy has a 10-year loan of 55,000 at annual effective rate of 6.8%. She makes annual end-of-year payments consisting of the interest on the unpaid

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Amy has a 10-year loan of 55,000 at annual effective rate of 6.8%. She makes annual end-of-year payments consisting of the interest on the unpaid balance plus repayment of part of the principal. Her principal payments start at 1,000 at the end of year 1, and increase by 1.000 each vear What is her total payment at the end of year 6

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