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In an amortization table for a four-year loan of $163,950, given an interest rate of 2%, how much will the principal payment be in the

In an amortization table for a four-year loan of $163,950, given an interest rate of 2%, how much will the principal payment be in the second year if the loan calls for equal payments?

Select one: a. $66,965.65 b. $51,200.00 c. $40,573.73 d. $54,444.44

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