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Consider a three-year loan of $66,000. The interest rate is 11 percent per year, and the loan calls for equal annual payments. How much interest

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Consider a three-year loan of $66,000. The interest rate is 11 percent per year, and the loan calls for equal annual payments. How much interest is paid in the second year? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

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