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I do not need Excel solution. A loan is to be repaid with 20 payments starting in one year. The first ten payments are 1500

I do not need Excel solution.

A loan is to be repaid with 20 payments starting in one year.

The first ten payments are 1500 and the each of the next ten payments decrease by 100. T

he annual effective rate of interest is 7%.

Calculate original loan balance.

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