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Migi supplies obtains 5 million bank loan at 8% interest compounded semi-annually. The company repays the loan by paying 400,000 every 6 months. What is
Migi supplies obtains 5 million bank loan at 8% interest compounded semi-annually. The company repays the loan by paying 400,000 every 6 months. What is the outstanding principal after the 10th payment?
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