[Solved] Assume you borrow $ 2 2 , 0 0 0 at 1 0 %

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Assume you borrow $ 2 2 , 0 0 0 at 1 0 % interest. You will be making 5 equal payments annually. What is

Assume you borrow $

22, 000

10 %

interest. You will be making

5

equal payments annually. What is the principal balance at the end of the first year?

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