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your company is planning to borrow SOME money on a 17 year, 6% annual payment fully amortized loan. what fraction of the payment made at

your company is planning to borrow SOME money on a 17 year, 6% annual payment fully amortized loan. what fraction of the payment made at the end of year 13 will represent the interest?

the correct answer is 25.27% but how did they reach that answer?

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