Smith takes a loan repayable by equal installments at the end of each year for 20 years. Both the principal and interest portions of the payment are $100 Compute the initial amount of the loan. Possible Answers $1,560 $1,607 $1,895 $2,090 $2,125 Smith takes a loan repayable by equal installments at the end of each year for 20 years. Both the principal and interest portions of the payment are $100 Compute the initial amount of the loan. Possible Answers $1,560 $1,607 $1,895 $2,090 $2,125