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A bank is offering to lend you now 50,000 dollars, but you have to pay back every year the amount of 20,817.45 dollars over a
A bank is offering to lend you now 50,000 dollars, but you have to pay back every year the amount of 20,817.45 dollars over a period of three years. The partial principal repayment at the end of the second year will be:
$14,817.45
$14,333.33
$10,408.73
$16,666.67
$16,595.54
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