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Bob Katz is purchasing a new Honda Pilot for $35,000. He is financing $30,000 with a six year, 4% loan with annual payments. Construct

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Bob Katz is purchasing a new Honda Pilot for $35,000. He is financing $30,000 with a six year, 4% loan with annual payments. Construct an amortization schedule, in the 2nd year row, corresponding to his second annual payment, what is the dollar amount of the principal reduction? $5018 $4825 $4704 $4523

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