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According to the data in exercise 3 and using the flat payment schedule table, what is the interest payment at the end of the 2nd
According to the data in exercise 3 and using the flat payment schedule table, what is the interest payment at the end of the 2nd year of a loan with the following characteristics:
- Principal: 10000
- Interest rate: 15%
- Maturity: 5 years
Select one:
a. 1629,15
b. 683.92
c. 1277.53
d. 1755.35
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