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A business will take out a 10-year loan of $150,000. The interest rate is 10% per year and the loan calls for equal annual payments.
A business will take out a 10-year loan of $150,000. The interest rate is 10% per year and the loan calls for equal annual payments. How much interest is paid in the 2nd year?
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Principles Of Finance With Excel
Authors: Simon Benninga
2nd Edition
0199755477, 9780199755479
