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If $174,500 is borrowed at 8.15% interest to be paid back over 12 years, how much of the third year's payment is principal (Assume annual

If $174,500 is borrowed at 8.15% interest to be paid back over 12 years, how much of the third year's payment is principal (Assume annual loan payments)? A. $13,478,97 B. $11,840.08 C. $10,659.90 D. $10,050.11

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