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Reggie takes a loan for 5 years to be repaid by level end of year payments...

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Finance

Reggie takes a loan for 5 years to be repaid by level end ofyear payments of R. The interest paid in the third payment was136.16 and the interest paid in the 5th payment was47.62. Please find the amount of principal paid in the fourthpayment P4.

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the entire loan of A amount will be paid back in P interest form in 5 years Initial years Higher will be the interest and lower will be the principal we    See Answer
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Reggie takes a loan for 5 years to be repaid by level end ofyear payments of R. The interest paid in the third payment was136.16 and the interest paid in the 5th payment was47.62. Please find the amount of principal paid in the fourthpayment P4.don't copy and paste

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