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You borrow $5,000 from a bank at eight percent annually compounded interest to be repaid in five annual installments. Calculate the principal paid in the

You borrow $5,000 from a bank at eight percent annually compounded interest to be repaid in five annual installments. Calculate the principal paid in the third year. $985.54 O $987.24 O $995.62 None of the given answers O $983.99

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