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the answer is 20821 Question 4 A loan is being repaid with level payments at the end of each year for 20 years. The principal

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the answer is 20821

Question 4 A loan is being repaid with level payments at the end of each year for 20 years. The principal repaid in the 10th payment is 1000 and the principal repaid in the 15th payment is 1200. Calculate the amount of the loan. Hint: 20,821

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