$50,000 Is Borrowed, to Be Repaid in Three Equal, Annual

question 36

Multiple Choice

$50,000 is borrowed, to be repaid in three equal, annual payments with 10% interest.Approximately how much principal is amortized with the first payment?

• A)$201.06
• B)$500.00
• C)$1,510.57
• D)$2,010.57

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Individuals or groups competing against each other in a contest, game, or argument.

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Achievements or successes in a competition or struggle.

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