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Lou Lewis borrows $10,000 to be repaid over 10 years at 9 percent (annual payments). What is the principal payment for the first year?: 1)

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Lou Lewis borrows $10,000 to be repaid over 10 years at 9 percent (annual payments). What is the principal payment for the first year?: 1) $ 658 O2$ 2) $ 742 3) $1,558 4) $ 885

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