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48. You just purchased a boat for $22,500. You financed it for 6 years at a 9% interest rate. The loan requires you to make

48. You just purchased a boat for $22,500. You financed it for 6 years at a 9% interest rate. The loan requires you to make annual payments. What is the year 2 principal reduction amount? What is the year 2 ending balance

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