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1.Suppose you make a 2-year loan of $800. What is the annual payment on this loan when the interest rate is fixed at 50%? (Answer

1.Suppose you make a 2-year loan of $800. What is the annual payment on this loan when the interest rate is fixed at 50%? (Answer up to 0 decimal places).

2.What is the interest payment of year 1? (Answer up to 0 decimal places).

3.What is the outstanding of principal at the beginning of year 2? (Answer up to 0 decimal places).

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