The first five payments are k each the last five payments, Financial Management

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The first five payments are k each the last five payments

A $1000 loan is to be repaid in ten installments, one due at the end of each year for ten years. The first five payments are $K each. The last five payments are $2K each. What is the principal outstanding right after the eighth payment? (No additional information given)

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Financial Management: The first five payments are k each the last five payments

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Financial Management: The first five payments are k each the last five payments

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