Business, 24.07.2020 17:01 kimlyn58p0wyn0

A loan is to be paid off in twenty annual installments of $100, with the first payment due one year after the loan is made. What is the total amount of principal paid in the even numbered installments, if the effective rate of interest is 4%?

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A loan is to be paid off in twenty annual installments of $100, with the first payment due one year...

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