Business, 23.07.2020 17:01, Rusven

You take out a loan for $4000 at an annual interest rate of 5% (compounded annually). You must pay back the loan in 3 annual installments. How much of the principal is still outstanding after you make the first payment? g

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You take out a loan for $4000 at an annual interest rate of 5% (compounded annually). You must pay b...