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Please hurry will upvote Your Company borrowed $10,000 using a 5 -year instaliment note. The interest rate is 4.5% and the annual payment of $2,278,
Please hurry
Your Company borrowed $10,000 using a 5 -year instaliment note. The interest rate is 4.5% and the annual payment of $2,278, due each December 31, includes both interest and principal. How much of the second payment would reduce principal? $1,910 $1,705 $2.278 $450 $1,828 will upvote
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