Question: A loan is being repaid with equal annual installments at 4% effective per annul. If the principal repaid in the next to last installment is

A loan is being repaid with equal annual installments at 4% effective per annul. If the principal repaid in the next to last installment is $100, find the interest contained in the installment due 5 years before the last installment.

A. 18.52

B. 21.81

C. 19.39

D. 20.26

E. 22.68

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