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How much principal was paid with the 2nd monthly payment? You have determined that your company will purchase new manufacturing equipment using a bank loan

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How much principal was paid with the 2nd monthly payment? You have determined that your company will purchase new manufacturing equipment using a bank loan for $900.000. The loan will be amortized over seven years and the annual interest rate will be 4.75%. O a. 8,936.96 Ob. 8,610.72 . 9,558.22 O d. 9,088.39

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