Question: Hi please help me with the problem below, make sure write down detailed steps, thank you! Question 1 A loan is being repaid with level

Hi please help me with the problem below, make sure write down detailed steps, thank you!

Hi please help me with the problem below, make sure write down

Question 1 A loan is being repaid with level annual payments based on an annual effective interest rate of 8%. If the outstanding balance immediately after the 10th payment is 1000, calculate the amount of interest in the 11th payment

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