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Theory of Interest Class Problem: A loan is repaid in ten equal annual installments with the first installment paid one year after the loan is

Theory of Interest Class Problem: A loan is repaid in ten equal annual installments with the first installment paid one year after the loan is made. The effective annual interest rate is 4%. The total amount of principal repaid in the fifth, sixth, and seventh payments combined is $6,083. What is the total amount of interest repaid in the second, third, and fourth payments combined? The answer is 1989.34, I need all work shown so I can understand the problemimage text in transcribed

5. [1.5 pts] A loan is repaid in ten equal annual installments with the first installment paid one year after the loan is made. The effective annual interest rate is 4%. The total amount of principal repaid in the fifth, sixth, and seventh payments combined is $6,083. What is the total amount of interest repaid in the second, third, and fourth payments combined

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