Question: 21. $50,000 is borrowed, to be repaid in three equal, annual payments with 10% interest. Approximately how much principal is amortized with the rst payment?

21. $50,000 is borrowed, to be repaid in three equal, annual payments with 10% interest. Approximately how much principal is amortized with the rst payment? A. $2,010.60 B. $5,000.00 (3. $15,105.74 D. $20,105.74

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