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John got a $ 1 5 , 0 0 0 loan at the bank. He must repay the loan in annual principal payments of $
John got a $ loan at the bank. He must repay the loan in annual principal payments of $ at the end of each year for the next years. In addition to the principal payments, John must pay interest on the total unpaid balance of the loan each year. How much will he have to pay principal and interest at the end of the fifth year?
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