Question: A loan at 4% per annum is repaid by level annual installments beginning one year from the date of the loan. The amount of principal

A loan at 4% per annum is repaid by level annual

A loan at 4% per annum is repaid by level annual installments beginning one year from the date of the loan. The amount of principal in the first installment is $100, and in the last installment is $237. Find the amount of the loan

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