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I need help Bob Katz is purchasing a new Honda Pilot for $37,000. He is financing $32,000 with a six year, 4% loan with annual
I need help
Bob Katz is purchasing a new Honda Pilot for $37,000. He is financing $32,000 with a six year, 4% loan with annual payments. Construct an amortization schedule, in the 2nd year row, corresponding to his second annual payment, what is the dollar amount of the principal reduction? O $5018 O $4825 O $4704 O $4523Step by Step Solution
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