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Interest on a 2 0 - year loan is charged based on an annual effective rate of 1 0 . 1 % . The loan

Interest on a 20-year loan is charged based on an annual effective rate of 10.1%.
The loan is repaid by payments of 100 at the end of each of the years 1 through 5 and each of the years 11 through 20. During years 6 through 10 no payments are made.
Calculate the absolute value of the difference between the outstanding balance immediately after the payment in year 5 and the outstanding balance immediately after the payment in year 15.

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