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In an amortization table for a four-year loan of $45,280, given an interest rate of 11%, how much will the principal payment be in the

In an amortization table for a four-year loan of $45,280, given an interest rate of 11%, how much will the principal payment be in the second year if the loan calls for equal payments?

Select one:

a.$15222.90

b.$15,593

c.$10,448.32

d.$10,671.69

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