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Set up an amortization schedule for a $30,000 loan to be repaid in equal installments at the end of each of the next 3 years.

Set up an amortization schedule for a $30,000 loan to be repaid in equal installments at the end of each of the next 3 years. The interest rate is 10% compounded annually. How much repayment of principal was included in the first payment?

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