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Island New Inc. purchased property for $ 1 , 4 3 2 , 0 0 0 million. The loan terms require monthly payments for 1

Island New Inc. purchased property for $1,432,000 million. The loan terms require monthly payments for 15 years at an APR of 7.572 percent, compounded monthly. What is the amount that contributes toward the principal payment in the second month?
A. $4,324.67
B. $4,297.55
C. $8,721.38
D. $6,841.73
E. $5,629.33

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