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show works please Show Attempt History Current Attempt in Progress X Your answer is incorrect. You borrow $7,000 at 13% per year and will pay

image text in transcribedshow works please

Show Attempt History Current Attempt in Progress X Your answer is incorrect. You borrow $7,000 at 13% per year and will pay off the loan in three equal annual payments with the first occurring at the end of the fourth year after the loan is made. The three equal annual payments will be $4,277.69. Which of the following is true for your first payment at the end of year 4? Interest = $1,313.04; principal = $2,964.65 Interest = $0; principal = $4,277.69 O Interest = $910; principal = $3,367.69 O Interest = $4,277.69; principal = $0

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