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Business, 09.12.2021 04:10 MOMMYDORA

A loan is being repaid in twenty increasing annual installments of $1, $2, $3, . . . $20. The payments begin one year after the loan is made. Find the principal contained in the tenth payment, if the annual interest rate is 4%.

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A loan is being repaid in twenty increasing annual installments of $1, $2, $3, . . . $20. The paymen...
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