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Based on the following information, how much interest is paid during the second year of the loan? Loan Amount: $189,000 30 year loan with monthly
Based on the following information, how much interest is paid during the second year of the loan?
Loan Amount: $189,000
30 year loan with monthly payments and annual interest of 6.5%
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$12,081.32
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None of the other answers are with $1 of the right answer.
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$24,304.13
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$12,285.00
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$13,094.61
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