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The Nickels Co. wants to borrow $1,000 at the beginning of each year for five years at 9 percent interest. The firm will repay this

The Nickels Co. wants to borrow $1,000 at the beginning of each year for five years at 9 percent interest. The firm will repay this money in one lump sum at the end of year 5. How much of the firm's loan repayment is due to the $1,000 it received in year 3?

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