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ABC Inc. borrows 10,000,000 at 7% per annum interest rate compounded quarterly. The loan is amortized over 5 years and requires quarterly payments. ABC Inc.s

ABC Inc. borrows 10,000,000 at 7% per annum interest rate compounded quarterly. The loan is amortized over 5 years and requires quarterly payments. ABC Inc.s principal will be drawn down to zero after its last payment. What percentage of ABCs 10th payment is principle? SHOW WORK

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