Question: A 20-year loan is to be repaid with equal installments at the end of each yeas. The amount of interest paid in the 55th installment

A 20-year loan is to be repaid with equal installments at the end of each yeas. The amount of interest paid in the 55th installment is $151. The amount of interest paid in the 1313th installment is $131. Calculate the amount of interest paid in the 17th installment. A. $ 94.19 B. $ 37.68 C. $ 107.65 D. $ 117.74 E. $ 109.89

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