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e. $1.710.00 49. You plan to borrow $45,000 at a 7.5% annual interest rate. The terms require you to a nortize the loan with 7

e. $1.710.00 49. You plan to borrow $45,000 at a 7.5% annual interest rate. The terms require you to a nortize the loan with 7 equal end-of-year payments. How much interest would you be paying in Year 2? a. $2,931.11 b. $3,110.56 c. $3,080.65 d. $2,990.92 e. $2,273.10

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