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ou plan to borrow $36,700 at a 7.6% annual interest rate. The terms require you to amortize the loan with 7 equal end-of-year payments. How

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ou plan to borrow $36,700 at a 7.6% annual interest rate. The terms require you to amortize the loan with 7 equal end-of-year payments. How much interest would you be paying in Year 2 ? a. $2,472.76 b. $6,461.82 c. $2,789.20 d. $2,510.08 e. $6,952.92

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