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You just borrowed $10,000 and agree to repay the loan in 5 equal installments at an interest rate of 4%, with payments made annually. You

You just borrowed $10,000 and agree to repay the loan in 5 equal installments at an interest rate of 4%, with payments made annually. You will make your first payment in one year. After you've made the third payment, how much total interest have you paid on this loan? (Round to the nearest dollar)

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