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Maria plans to buy a motor; she borrows $5500 at 10 percent annually compounded interest to be repaid in three equal annual installments. Answer the

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Maria plans to buy a motor; she borrows $5500 at 10 percent annually compounded interest to be repaid in three equal annual installments. Answer the following: The loan payment in the second year: The interest paid in the first year: The beginning principal of the second year The ending principal of the third year

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