Iggy borrows X for 10 years at an annual effective rate of 6%. If he pays the principal and accumulated interest in one lump sum at the end of 10 years, he would pay 356.54 more in interest than if he repaid the loan with 10 level payments at the end of each year. Calculate X. (Ans 825)
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Iggy borrows X for 10 years at an annual effective rate of 6%. If he pays the principal and accumula...
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