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Suppose that a loan is being repaid with 20 annual payments, with the first payment coming one year from now. The first 5 payments are

Suppose that a loan is being repaid with 20 annual payments, with the first payment coming one year from now. The first 5 payments are for 250 dollars, the next 8 are 330 dollars each, and the final 7 are 430 dollars each. If the effective rate of interest is 7 percent, how much interest is in the 11th payment?

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