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| rev | Admin | (Created page with "A 25-year loan is being repaid with payments of 1300 at the end of each year. The loan payments are based on an annual effective interest rate of 8%. The borrower pays an additional 4000 at the time of the fifth payment and will repay the remaining balance with a payment of X at the end of each of the subsequent ten years. Calculate X <ul class="mw-excansopts"><li>893</li><li>1300</li><li>1306</li><li>1500</li><li>1902</li></ul> {{soacopyright | 2023 }}") | Nov 19'23 at 12:17 | +460 |