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13. Your company is planning to borrow $500,000 on a 5 -year, 7 percent, onnual payment, fully amortized term loan. What is the interest payment

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13. Your company is planning to borrow $500,000 on a 5 -year, 7 percent, onnual payment, fully amortized term loan. What is the interest payment made at the end of the year 4 ? The interest payment made at the end of the year 4 is $15433.55 (Note: please retain at least 4 decimal places in your calculations and at least 2 decimal places in your final answer.) P.=21+y=1y=76Fy=6b1=5

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