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| rev | Admin | (Created page with "A loan of 10,000 is repaid at an annual effective interest rate of 8%, with equal payments made at the end of each year for ten years. The lender immediately deposits each payment into an account earning an annual effective interest rate of 10%. Calculate the total amount of interest earned by the lender during the term of the loan. <ul class="mw-excansopts"><li>11,589</li><li>13,576</li><li>13,751</li><li>14,191</li><li>14,903</li></ul> {{soacopyright | 2023 }}") | Nov 19'23 at 0:41 | +469 |