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$20,000 is borrowed at an annual compound rate of 10%. If the loan is repaid with 5 equal annual payments. Compute interest payment, principal payment,
$20,000 is borrowed at an annual compound rate of 10%. If the loan is repaid with 5 equal annual payments. Compute interest payment, principal payment, remaining unbalance, payoff at time t = 3? If the loan is repaid with 5 annual payments, each of which is $500 greater than the previous payment, how much of the 1st payment will be a principal payment
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