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| rev | Admin | (Created page with "Michelle takes out a loan. It must be repaid with level annual payments based on an annual coupon rate of 4%. The 6th payment consists of $960 in interest and $340 of principal. Calculate the amount of interest paid in the 14th payment. <ul class="mw-excansopts"><li>465.31</li><li>711.23</li><li>588.77</li><li>13.83</li><li>834.69</li></ul> {{cite web |url=https://digitalcommons.calpoly.edu/cgi/viewcontent.cgi?article=1008&context=statsp |last=Hardiek |first=Aaron |...") | Nov 22'23 at 9:31 | +608 |