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Posted: **Thu Apr 28, 2022 12:35 pm**

: 5 A Loan Of 20 000 Was Originally Scheduled To Be Repaid By 25 Equal Annual Payments At The End Of Each Year An Extra 1 (18.82 KiB) Viewed 29 times

#5 A loan of $20,000 was originally scheduled to be repaid by 25 equal annual payments at the end of each year. An extra payment ń with each of the 6th through the 10th scheduled payments will be sufficient to repay the loan 5 years earlier than under the original schedule. Solve for R.