Question: Problem #5: A loan is being repaid in 2N level payments, beginning one period after the loan is made. After the Nth payment is made,

Problem #5: A loan is being repaid in 2N level payments,

Problem #5: A loan is being repaid in 2N level payments, beginning one period after the loan is made. After the Nth payment is made, the outstanding principal is of the original loan amount. What proportion of the next payment is interest? Problem #5: Enter your answer symbolically, as in these examples

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