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Youhave just borrowed$20,000, which you will repay in10 equal annual payments.The bank's stated rate on its loans is9%. Based on this information, how much principal

Youhave just borrowed$20,000, which you will repay in10 equal annual payments.The bank's stated rate on its loans is9%. Based on this information, how much principal will you repay in the10th year of the loan?

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