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| rev | Admin | (Created page with "A loan of 10,000 is repaid with a payment made at the end of each year for 20 years. The payments are 100, 200, 300, 400, and 500 in years 1 through 5, respectively. In the subsequent 15 years, equal annual payments of X are made. The annual effective interest rate is 5%. Calculate X. <ul class="mw-excansopts"><li>842</li><li>977</li><li>1017</li><li>1029</li><li>1075</li></ul> {{soacopyright | 2023 }}") | Nov 19'23 at 0:10 | +409 |