Question: (2 points) (Exercise 5.14) A 20-year loan is to be repaid with equal installments at the end of each yeas. The amount of interest paid

(2 points) (Exercise 5.14) A 20-year loan is to be repaid

(2 points) (Exercise 5.14) A 20-year loan is to be repaid with equal installments at the end of each yeas. The amount of interest paid in the 5th installment is $180. The amount of interest paid in the 13 th installment is $135. Calculate the amount of interest paid in the 17th installment. ANSWER = $ 85.05 (2 points) (Exercise 5.14) A 20-year loan is to be repaid with equal installments at the end of each yeas. The amount of interest paid in the 5th installment is $180. The amount of interest paid in the 13 th installment is $135. Calculate the amount of interest paid in the 17th installment. ANSWER = $ 85.05

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