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Madelyn has a loan to be repaid by 16 annual payments at an effective annual interest...

Madelyn has a loan to be repaid by 16 annual payments at an effective annual interest rate of 5%. Payments 1-10 are $600 each, payments 11-14 are $380 each, and the last 2 payments are $570 each.

The interest portion in Madelyn's 13th payment is?

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jeff jeffy answered 1 year ago
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