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A loan is repaid in nine equal annual installments. The first payment is due one year after the loan is made. The effective annual interest
A loan is repaid in nine equal annual installments. The first payment is due one year after the loan is made. The effective annual interest rate is 5%. The total amount of interest paid in the third, fourth, and fifth payments combined is $3,798. What is the total amount of principal repaid in the seventh, eighth, and ninth payments combined?
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