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| rev | Admin | (Created page with "'''Solution: D''' The loan balance after 10 years is still 100,000. For the next 10 payments, the interest paid is 10% of the outstanding balance and therefore the principal repaid is 5% of the outstanding balance. After 10 years the outstanding balance is 10 100, 000(0.95)<sup>5</sup> = 9,874. Then, <math display = "block"> X = 59,874/a_{\overline{10}|0.1} = 59,874 / 6.14457 = 9, 744 </math> {{soacopyright | 2023 }}") | Nov 18'23 at 23:48 | +423 |