Question: Suppose you borrowed $ 1 0 , 0 0 0 at a rate of 7 % and must repay it in 4 equal installments at
Suppose you borrowed $ at a rate of and must repay it in equal installments at the end of each of the next years. How much would you still owe at the end of the third year, after you have made the third payment?
a $
b $
c $
d $
e $
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