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Question 4 1 pts In #2, when you make your first payment, subtract the interest owed from the payment to get the reduction in loan
Question 4 1 pts In #2, when you make your first payment, subtract the interest owed from the payment to get the reduction in loan amount of: O $1.22 O $2.00 O $1.91 $1.51 Question 5 1 pts In #2, when you make your second payment, is more or less of it used to pay interest compared to your first payment? O more Question 2 1 pts You borrow $100 at 5% annual interest. You agree to repay with 30 end-of-year payments. How much is that payment? You will need the full loan table (amortization table) for questions to follow this one. $5.91 $19.95 O $7.21 $6.51 Question 3 1 pts In #2, over the entire 30-year period, how much do you pay in interest? $95 O $99 $91 O $101
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