A loan is to be repaid by annual installments of X at the end of...
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A loan is to be repaid by annual installments of X at the end of each year for 18 years. You are given: (i) The total principal repaid in the first 3 years is 138.11; and (ii) The total principal repaid in the last 3 years is 438.11. Calculate the total amount of interest paid during the life of the loan. [6.a #46] 1.386 O 1.547 O 1.467 O 1.225 1,305
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