Question: A 6 , 8 0 0 loan is being repaid with regular payments of x at the end of each year for as long as

6, 800

loan is being repaid with regular payments of

x

at the end of each year for as long as necessary plus a smaller payment one year after the final regular payment. Immediately after the tenth payment, the outstanding principal is

4 x .

If the annual interest rate

i

10 %,

what is the value of

x ?

A 6,800 loan is being repaid with regular payments of x

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