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A firm borrows $5000 and the loan is to be repaid in 4 equal payments at the end of each of the next 4 years

A firm borrows $5000 and the loan is to be repaid in 4 equal payments at the end of each of the next 4 years so that the ending balance at the end of year 4 is 0. The interest rate on the loan is 10 percent. The beginning balance in year 2 is?

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