Question: Leon borrowed $10,000 at 8.7% compounded annually. Provided that he made a payment of $7,000 after 3 years, how much is he expected to pay

Leon borrowed $10,000 at 8.7% compounded annually. Provided that he made a payment of $7,000 after 3 years, how much is he expected to pay to clear the loan 5 years from the date of borrowing?

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