Donald takes out a loan to be repaid with annual payments of 700 at the...
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Donald takes out a loan to be repaid with annual payments of 700 at the end of each year for 2n years. The annual effective interest rate is 7.59%. The sum of the interest paid in year 1 plus the interest paid in year n + 1 is equal to 1232. Calculate the amount of interest paid in year 12. [6.a #29] 790 637 752 O 714
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