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Corey is buying a used trailer for his snowmobiles. A local dealer offers 4.46% interest compounded monthly for six months on used equipment. If the

Corey is buying a used trailer for his snowmobiles. A local dealer offers 4.46% interest compounded monthly for six months on used equipment. If the trailer Cory likes costs $5500.00, using an amortization schedule, determine the interest amount applied to his second payment. Round solution to the nearest penny

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