Claire repays a loan to banker Maggie by amortization method at 6% effective. She makes 25...

Claire repays a loan to banker Maggie by amortization method at 6% effective. She makes 25 equal payments of $1000 at the end of each year. If the amount of interest in each payment is invested by Maggie at 6% effective as she receives the payments. What is the accumulated amount of the reinvested interest at the end of the 25th year?

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Claire repays a loan to banker Maggie by amortization method at 6% effective. She makes 25...

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Sue takes out a 3-year loan that she repays using the amortization method. She makes monthly...

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