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Loan Amprtization: Your company is planning to borrow 1 million on a five year, 15 per cent, annual payment, fully amortised term loan. What fraction

Loan Amprtization: Your company is planning to borrow 1 million on a five year, 15 per cent, annual payment, fully amortised term loan. What fraction of the payment made at the end of the second year will represent repayment of principle?

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