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2. Gertrude Carter and Inc. has an outstanding loan with the equal annual payments of $14,903 over the 10-year life of the loan. The original

2. Gertrude Carter and Inc. has an outstanding loan with the equal annual payments of $14,903 over the 10-year life of the loan. The original loan amount was $100,000 at an APR of 8 percent. How much of the second payment is interest?

show all work no calculator please.

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