Question: Please clearly show answer (2 points) (Exercise 5.14) A 30-year loan is to be repaid with equal installments at the end of each yeas. The
Please clearly show answer
(2 points) (Exercise 5.14) A 30-year loan is to be repaid with equal installments at the end of each yeas. The amount of interest paid in the 7th installment is $155. The amount of interest paid in the 19th installment is $132. Calculate the amount of interest paid in the 25th installment. ANSWER = $
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