Question: Sally took out a loan for $ 2 0 , 0 0 0 . The loan was governed by compound interest at a rate of

Sally took out a loan for $20,000. The loan was governed by compound interest at a rate of 3%. She madea payment of $2500 one year later and a payment of $3,000 three years after she took out the loan. Find the amount of principal applied in the second payment.
Sally took out a loan for $20,000. The loan was governed

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