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You have borrowed $43210 and need to repay the loan in equal annual payments over the next 5-years. The interest rate on the loan is

You have borrowed $43210 and need to repay the loan in equal annual payments over the next 5-years. The interest rate on the loan is 7%. What is the remaining balance at the end of 3rd year (remaining loan balance after 3rd annual payment is paid out by you)? What is the amount of interest paid in year 4 (as part of 4th annual payment)?

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