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Please answer the question completely and accurately, thank you! You borrow $8000 at 10% per year and will pay off the loan in 3 equal
Please answer the question completely and accurately, thank you!
You borrow $8000 at 10% per year and will pay off the loan in 3 equal annual payments starting 1 year after the loan is made. The end-of-year payments are $3216.92. Which of the following is true for your payment at the end of year 2 ? The interest paid in the payment at the end of the second year is $ The principal paid in the payment at the end of the second year is $Step by Step Solution
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