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Question 5 (5 points) Calculate Interest & Principle Due (question 1 of 2) Campus Flights takes out a bank loan in the amount of $200,500

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Question 5 (5 points) Calculate Interest & Principle Due (question 1 of 2) Campus Flights takes out a bank loan in the amount of $200,500 on March 1. The terms of the loan include a repayment of principal in ten equal installments, paid annually from March 1. The annual interest rate on the loan is 8%, recognized on December 31. (Round answers to the nearest whole dollar if needed.) A. Compute the interest recognized as of December 31 in year 1 rounded to the whole dollar Your Answer: Answer Question 6 (5 points) Calculate Interest & Principle Due (question 2 of 2) Campus Flights takes out a bank loan in the amount of $200,500 on March 1. The terms of the loan include a repayment of principal in ten equal installments, paid annually from March 1. The annual interest rate on the loan is 8%, recognized on December 31. (Round answers to the nearest whole dollar if needed.) B. Compute the principal due in year 1. Your

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