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VND Ltd Ltd has borrowed $400,000 from Major Bank for a five-year period with loan repayments...

VND Ltd Ltd has borrowed $400,000 from Major Bank for a five-year period with loan repayments to be made on a quarterly basis. The fixed rate interest rate on the loan is 10% p.a. with interest compounded quarterly. The total principal repaid by VND Ltd in the first quarter is closest to:

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jeff jeffy answered 2 years ago
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