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es 5 You have borrowed $130,000 to buy a new condo. Your loan is to be repaid over 15 years at 6% compounded monthly. Using

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es 5 You have borrowed $130,000 to buy a new condo. Your loan is to be repaid over 15 years at 6% compounded monthly. Using the table below, calculate the principal paid to the bank in the second month. e Evaluation Month PMT Interest Principal End Bal $130,000,00 1 2 ? $449.25 $453.98 $443.66 0 $459.35

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