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Bob Katz is purchasing a new Honda Pilot for $35,000.He is financing $32,000 with a six year, 4% loan with annual payments. Construct an amortization

Bob Katz is purchasing a new Honda Pilot for $35,000.He is financing $32,000 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?

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a$5018

b$4825

c$4704

d$4523

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