You borrowed 5000 at 6 compounded annually the loan was


You borrowed $5,000 at 6%, compounded annually. The loan was repaid according to the following schedule. What was the payment in the 3rd and 5th year?

N

1 $750

2 $500

3 X

4 $1000

5 2X

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Macroeconomics: You borrowed 5000 at 6 compounded annually the loan was
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