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A borrows $10,000 from B and agrees to repay it with a series of 10 installments at the end of each year such that each
A borrows $10,000 from B and agrees to repay it with a series of 10 installments at the end of each year such that each installment is 20% greater than the preceding installment. The rate of interest on the loan is 10% effective. Find the amount of principal repaid in the first three installments.
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