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28. Chapter MC, Section .04, Problem 108.Algo You plan to borrow $44,000 at a 7.5% annual interest rate. The terms require you to amortize the

28. Chapter MC, Section .04, Problem 108.Algo You plan to borrow $44,000 at a 7.5% annual interest rate. The terms require you to amortize the loan with 7 equal end-of-year payments. How much interest would you be paying in Year 2? Select the correct answer. Oa. $2,924.46 Ob. $2,931.66 Oc. $2,929.26 Od. $2,922.06 e. $2,926.86

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