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Loan amortization: ending balance 8 . Suppose you borrowed $ 1 5 , 0 0 0 at a rate of 6 % and must repay
Loan amortization: ending balance
Suppose you borrowed $ at a rate of and must repay it in equal installments at the end of each of the next years. How much would you still owe at the end of the second year, after you have made the second payment?
a $
b $
c $
d $
e $
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