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Consider a $50,000 loan with 4 years maturity, paying 7% annual interest rate. The interest paid in year two is around Select one: a. $2,711

Consider a $50,000 loan with 4 years maturity, paying 7% annual interest rate. The interest paid in year two is around Select one: a. $2,711 b. $2004 c. $1857 d. $2000

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