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You have just borrowed $20,000 which you will repay in 10 equal annual payments. The bank's stated rate on its loans is 9%. Based on

You have just borrowed $20,000 which you will repay in 10 equal annual payments. The bank's stated rate on its loans is 9%. Based on this information, Cummulatively; how much principal will you repay in the 4th year of the loan?

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