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Find the amount of the loan

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Question: A loan is repaid with payments which start at 200 the first year and increase by 50 per year until a payment of 1000 is made, at which time payments cease. If interest is 4% effective, find the amount of the loan. The response must be typed, double spaced, times new roman, font size 12 and must follow APA format.

Reference no: EM132758109

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