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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%

  • $12,081.32

  • None of the other answers are with $1 of the right answer.

  • $24,304.13

  • $12,285.00

  • $13,094.61

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