Ron is repaying a loan with payments of 1 at the end of each year for...

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Answer 1

Answer #1

Answer: 1 + y(n-t) (d) Year (t + 1) principal repaid = v (n=8) Yeart interest repaid = ia (n-t+1)]=1 - (n=t+1) Total = 1 -v (

Answer 2

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