A 30-year loan is to be repaid with equal installments at, Ask an Expert

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A 30-year loan is to be repaid with equal installments at the end of each year. The amount of interest paid in the 3rd installment is a; the amount of interest paid in the 17th installment is b. Find the expression for the interest paid in the 24th installment.

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Category:- Basic Finance
Reference No.:- M9877086

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