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(e) A loan of 25,000 is repaid by 20 level annual payments. The amount of principal repaid in the 18th payment is exactly 3 times

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(e) A loan of 25,000 is repaid by 20 level annual payments. The amount of principal repaid in the 18th payment is exactly 3 times the amount of principal repaid in the 15 payment. What is the total amount of interest paid over the 20 years of the loan? (6 marks) [Total : 25 Marks]

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