A loan of $100,000 is to be repaid with annual payments, at the end of...

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Finance

A loan of $100,000 is to be repaid with annual payments, at the end of each year, for the next 35 years. For the first 10 years the payments are X per year, the second 10 years they are 2X per year, and they are 3X per year for the remaining years. Find X if d = 8% for the first 10 years and d = 10% afterwards.

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