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A loan of $12,000 with interest at 14% compounded annually is to be amortized by equal payments at the end of each year for six

A loan of $12,000 with interest at 14% compounded annually is to be amortized by equal payments at the end of each year for six years. How much interest is included in the third payment? Oa b $1,258.80 $7,164.30 $4,421.97 $1,827.09 $1,680.00 d

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