Business, 20.10.2020 16:01 dianelys3083p5spb5

Seth repays a 30-year loan with a payment at the end of each year. Each of the first 20 payments is 1200, and each of the last 10 payments is 900. Interest on the loan is at an annual effective rate of ii, i>0i>0. The interest portion of the 11th payment is twice the interest portion of the 21st payment. Calculate the interest portion of the 21st payment.

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Seth repays a 30-year loan with a payment at the end of each year. Each of the first 20 payments is...

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