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Please Do not give EXCEL Solution. A loan is being repaid in five annual payment. The first two payments are $200. The third and fourth

Please Do not give EXCEL Solution.

A loan is being repaid in five annual payment. The first two payments are $200. The third and fourth payments are $400. The final payment is $500. The annual effective interest rate is 6%.

Calculate the original loan balance

Calculate the interest portion in the third payment

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