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3 decimal place if needed Suppose you borrowed $15,000 at a rate of 10.0% and must repay it in 5 equal installments at the end

3 decimal place if needed image text in transcribed
Suppose you borrowed $15,000 at a rate of 10.0% and must repay it in 5 equal installments at the end of each of the next 5 years. How much interest would you have to pay in the second year

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