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Question 5 (15 points) A company buys a machine for $11000, which it agrees to pay in 7 equal payments beginning one year after the

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Question 5 (15 points) A company buys a machine for $11000, which it agrees to pay in 7 equal payments beginning one year after the date of purchase, at an annual interest rate of 7%. What is the remaining principal owed immediately after the third year's payment is made? Answer to the nearest dollar. Your

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