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Pope Company signed a mortgage for $800,000, 10% annual interest with annual payments of $100,000. What is the amount that will be applied towards the

Pope Company signed a mortgage for $800,000, 10% annual interest with annual payments of $100,000. What is the amount that will be applied towards the principal balance in Year 2: A) $80,000B) $22,000C) $20,000D) $78,000

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