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Interest was paid in year 2 Consider a 4 year losin with annual payments. The interest rate is 3.9245% and the lown amount is $4,000.

Interest was paid in year 2

Consider a 4 year losin with annual payments. The interest rate is 3.9245% and the lown amount is $4,000. What is the interest pald in year 2 (marked X in the amortization table)

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