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Loan $ 10,000 is repaid with annual level payment at the end of each year for 10 years. If the effective discount rate is =
Loan $ 10,000 is repaid with annual level payment at the end of each year for 10 years. If the effective discount rate is = 5% (annually). Find the amount of interest in the third payment (at the end of third / 3rd year).
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