Question: Please help me solve this You borrow $ 50000 on a line of credit to finance your start-up company, to be repaid in three equal,

Please help me solve this You borrow $ 50000 on a

Please help me solve this

You borrow $ 50000 on a line of credit to finance your start-up company, to be repaid in three equal, annual payments with 10% interest. Approximately how much of the principal is paid off on the first payment? $

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