Find the interest in the 19th payment

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Reference no: EM131962970

John repays a loan by making 20 annual payments. The first Payment is 2 and each subsequent Payment 2 more Than The previous payment. If i = .06 is an annual effective rate of interest, find the interest in the 19th payment.

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131962970

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