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A loan is repaid with payments which start at 200 the first yeat and increase by 50 per year until a payment of 1000 is
A loan is repaid with payments which start at 200 the first yeat and increase by 50 per year until a payment of 1000 is made, at which time payment cease/stop. If the interest is 5% effectice (annualy), find the amount of principal in the fourth payment. Please show work
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