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Chris borrowed $200,000 to be repaid in 120 equal monthly installments, beginning one month from today. The interest rate on the loan is 5.5% APR,

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Chris borrowed $200,000 to be repaid in 120 equal monthly installments, beginning one month from today. The interest rate on the loan is 5.5% APR, compounded monthly. How much principal on the loan will Chris pay down in the second month? Show your work and highlight your final answers N VY PV PMT FV For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)

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