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

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A 30-year loan is to be repaid with the equal installments at the end of each year. The amount of interest in the 7^th installment is $100 and the amount of interest in the 19^th installment is $80. Compute the amount of interest paid in the 25^th installment.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91145373

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