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Can someone help me with this question. You borrow $20,000 to be repaid in equal instalments over the following ten years. The interest rate is

Can someone help me with this question.

You borrow $20,000 to be repaid in equal instalments over the following ten years. The interest rate is 8%. Find the interest payment in the 9th year, I₉, within $5.

options:

405

415

425

435

None of the above

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