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Mohammad borrows $5,000 from the bank at 6 percent annually compounded interest to be repaid in five equal annual installments. The interest paid in the

Mohammad borrows $5,000 from the bank at 6 percent annually compounded interest to be repaid in five equal annual installments. The interest paid in the Third year is Select one: O a: $315.61 O b. $292.85 O c. $258.18 O d. $224.02 e. $190.37

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