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dn c. You have just borrowed $20,000 which you will repay in 10 equal annual payments. The bank's stated rate on its loans is 9%.

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dn c. You have just borrowed $20,000 which you will repay in 10 equal annual payments. The bank's stated rate on its loans is 9%. Based on this information, Cummulatively, how much principal will you repay in the 4th year of the loan? [6]

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