Question: Q . 4 ( 5 Points ) A college student borrows $ 1 0 , 0 0 0 today at 7 % interest rate compounded

Q.4
(5 Points)
A college student borrows $10,000 today at 7% interest rate compounded annually.
Four years later, the student makes the first payment of $3,000. Approximately, how
much money will the student still owe on the loan after the first payment?
Q.4 (5 Points) A college student borrows $10,000 today at 7%

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