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James Motorsports Co has an outstanding loan that calls for equal annual payments of $14,903 over the 10-year life of the loan. The original loan

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James Motorsports Co has an outstanding loan that calls for equal annual payments of $14,903 over the 10-year life of the loan. The original loan amount was $100,000 at an APR of 8%. How much of the third payment is interest? a $8.051.66 - 37.447.78 C. $6.851 34 d. $620721 $6,130.42

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