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Harvey is repaying a loan of 1000 with annual payments of 120 for 10 years followed by annual payments of 100 for as long as
Harvey is repaying a loan of 1000 with annual payments of 120 for 10 years followed by annual payments of 100 for as long as necessary. The amount of interest in the first payment is 100. The amount of interest in the 12th payment is X.Determine X. O a. 63 b. 65 c. 75 d. 80 e. 78
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