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A debt of $1476 with interest at 8.8% compounded annually is to be repaid by equal payments at the end of each year for 4

A debt of $1476 with interest at 8.8% compounded annually is to be repaid by equal

payments at the end of each year for 4 years.

A) What is the balance remaining (BAL) after the second payment?

B) What is the principal repaid (PRN) in the second payment?

C) What is the interest paid (INT) in the second payment?

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