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Prepare an amortization schedule for a five-year loan of $20,000 in its entirety. The interest rate is 8.2 percent per year, and the loan calls

Prepare an amortization schedule for a five-year loan of $20,000 in its entirety. The interest rate is 8.2 percent per year, and the loan calls for equal annual payments.

How much interest is paid in the third year?

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