A borrower is repaying a loan with payments of $10,000 at the end of each year...

   

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A borrower is repaying a loan with payments of $10,000 at the end of each year over an unknown period of time. If the amount of interest in the fourth installment is $8000, find the amount of principal in the sixth installment. The nominal rate of interest is (12)=0.06. A borrower is repaying a loan with payments of $10,000 at the end of each year over an unknown period of time. If the amount of interest in the fourth installment is $8000, find the amount of principal in the sixth installment. The nominal rate of interest is (12)=0.06.

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