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Jaylin makes a 2 5 - year loan of 1 5 0 , 0 0 0 to Susan. Susan needs to repay this loan by

Jaylin makes a

25 -

year loan of

150, 000

to Susan. Susan needs to repay this loan by level end of year payments R

.

Jaylin will replace her capital via a savings account which offers annual effective interest rate

6 %

and earn an APY of

4 % .

Find R

.

No excel please use financial math concepts

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