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A $600,000 loan with an annual effective interest rate of 13% is being repaid with annual payments of 100,000 plus a smaller final payment. The

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A $600,000 loan with an annual effective interest rate of 13% is being repaid with annual payments of 100,000 plus a smaller final payment. The first payment is due one year after the loan is taken out. Determine the interest portion of the final payment. (A) 4,640 (B) 5,160 (C) 5,680 (D) 6,200 (E) 6,720

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