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Consider the case of a 10 year loan of $10,000 that is paid each year with two different repayment schemes: 1. The payments start at

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Consider the case of a 10 year loan of $10,000 that is paid each year with two different repayment schemes: 1. The payments start at R1and increase by R1 2. The payments start at 10R2 and decrease by R2 The loan interest rate is 4% per year. Find the difference in total interest paid by one repayment scheme compared to the other

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