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Maria plans to buy a motor; she borrows $5000 at 10 percent annually compounded interest to be repaid in three equal annual installments. Answer the
Maria plans to buy a motor; she borrows $5000 at 10 percent annually compounded interest to be repaid in three equal annual installments.
Answer the following:
The loan payment in the second year:
Answer for part 1 The interest paid in the first year:
Answer for part 2 The beginning principal of the second year
Answer for part 3 The ending principal of the third year:
Answer for part 4
I want the answer as soon as possible thx
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