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QS3 Your company is planning to borrow $600,000 on a 20-year, 4%, semi-annual payments, fully amortized term loan. How much is the interest portion of

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QS3 Your company is planning to borrow $600,000 on a 20-year, 4%, semi-annual payments, fully amortized term loan. How much is the interest portion of the payment of the second period? (If the answer is $12,234.56, then enter 12,234.56 (dollars and cents) with comma.)

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