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The lender of a loan of 100,000 receives annual interest payments at 12% per year for 10 years, and in addition, will receive a lump-sum

The lender of a loan of 100,000 receives annual
interest payments at 12% per year for 10 years,
and in addition, will receive a lump-sum
repayment of the principal along with the 10th
interest payment. The borrower will pay the
annual interest to the lender and accumulate the
100,000 by annual deposits to an 8% sinking
fund. The borrower wishes to schedule the
deposits so that his total annual outlay is X for
each of the first 5 years, and 2X for each of the
final 5 years.
Construct a table listing
"outstanding balance,
"principal repaid" and "net
interest paid" for each t from 1 to 10.

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