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If a student borrows $20,000 to start a business as a 5 year, 10% loan, assume annual payments, the decrease in principal in year 1
If a student borrows $20,000 to start a business as a 5 year, 10% loan, assume annual payments, the decrease in principal in year 1 is
| A. | $2,000.00 |
| B. | $3,275.95 |
| C. | $4,000.00 |
| D. | $5,275.95 |
| E. | None of these |
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