Business
Business, 07.04.2020 22:59, jessicavasquez081

A 20-year loan of 2,500 is repaid with payments at the end of each year. Each of the first ten payments equals 175% of the amount of interest due. Each of the last ten payments is X. The lender charges interest at an annual effective rate of 5%. Calculate X

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A 20-year loan of 2,500 is repaid with payments at the end of each year. Each of the first ten payme...

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