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$10,000 is borrowed, to be repaid in four equal, annual payments with 8% interest. Approximately how much principal is amortized with the first payment? A.

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$10,000 is borrowed, to be repaid in four equal, annual payments with 8% interest. Approximately how much principal is amortized with the first payment? A. $800 B. S2,219 C. $2,500 D. S3,281 Give me an explanation for the answer, and the written formula to find the

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