You are about to borrow $10,000 from a bank at an interest rate of 10% compounded annually.

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You are about to borrow $10,000 from a bank at an interest rate of 10% compounded annually. You are required to make five equal annual repayments in the amount of $2,638 per year, with the first repayment occurring at the end of year 1. Show the interest payment and principal payment in each year.
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