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Tanner takes out a loan today and repays the loan with ten level annual payments, with the first payment one year from today. The payments

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Tanner takes out a loan today and repays the loan with ten level annual payments, with the first payment one year from today. The payments are calculated based on an annual effective interest rate of 4.5%, The principal portion of the fourth payment is 704.10. Calculate the total amount of interest paid on this loan. 1700 1800 1900 2000 2100

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