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Assume you have just taken out a loan with your local commercial bank for $150,000. The loan is for 10 years and you will repay

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Assume you have just taken out a loan with your local commercial bank for $150,000. The loan is for 10 years and you will repay equal total annual payments. If your interest rate is 9%, how much interest will you pay in year 2 (approximately)? a. $13,500 b. $12,611 O c. $9873 O d. $23,373

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