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LKN Ltd has borrowed $200,000 from Local Bank for a five-year period with loan repayments to be made on a quarterly basis. The fixed rate

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LKN Ltd has borrowed $200,000 from Local Bank for a five-year period with loan repayments to be made on a quarterly basis. The fixed rate interest rate on the loan is 10% p.a.with interest compounded quarterly. The total principal repaid in the first quarter is closest to: O $7,829. O $5,000 O $12,829 O $8,025

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