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You have borrowed a loan of $20,000 from a bank to buy a car from Chase at the interest rate of 7.5% each year. You have promised Chase to make annual mortgage style payments. If you want to borrow this loan for three years, what is the principal payment in year one
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You have borrowed a loan of $20,000 from a bank to buy a car from Chase at the interest rate of 7.5%...
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