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Posted on Sep 02, 2024

For a loan with level annual payments, the principal repaid in the 1 0 th payment is $ 1 0 , 0 0 0 while

For a loan with level annual payments, the principal repaid in the

10

th payment is $

10, 000

while the principal repaid in the

11

th payment is $

11, 000 .

Calculate the principal repaid in the

14

th payment.

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