Question: A loan is repaid with level annual payments based on an annual effective interest rate of 6%. The 7th payment consists of 778 of interest

A loan is repaid with level annual payments based on an

A loan is repaid with level annual payments based on an annual effective interest rate of 6%. The 7th payment consists of 778 of interest and 222 of principal. Calculate the amount of interest paid in the 17th payment. Select one: O A 556 OB 631 OC. 659 OD 585 OE 602

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