Question: A borrower borrows on a five year loan $5,000 from a bank at 10% and will pay back the loan in five equal $ payments

A borrower borrows on a five year loan $5,000 from a bank at 10% and will pay back the loan in five equal $ payments (annually) at the end of each time period. How much is each equal payment, how much principal and interest is paid back, and how much interest is paid back?

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