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6. How much interest will be paid in the second year on a 20-year, $60,000 mortgage requiring annual payments and a 10% annual interest rate?

6. How much interest will be paid in the second year on a 20-year, $60,000 mortgage requiring annual payments and a 10% annual interest rate?

7. ABC Inc. earned $2.00 per share in 2010. Ten years later, in 2020, it earned $4.00 per share. What was the growth rate in earnings per share for that firm over the 10-year period?

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