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Frank has a loan of 1000, which accumulates interest at 5% per annum. He agrees to pay off with equal annual payments of 100 plus

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Frank has a loan of 1000, which accumulates interest at 5% per annum. He agrees to pay off with equal annual payments of 100 plus one addition smaller loan, to be made one year after the last full loan. Calculate the principal portion of the final, smaller payment. O A. 10 O B.20 O C.30 O D.40 O E. 50

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