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Suppose you borrow $21,500 at a rate of 10.1% and must repay it in 5 equal installments at the end of each year for the
Suppose you borrow $21,500 at a rate of 10.1% and must repay it in 5 equal installments at the end of each year for the next 5 years. How much would you still owe at the end of the third year, after you made the third payment? Round answer to two decimal points
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