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Question 8 4 pts Suppose you take out an auto loan for $10,000 with a 6% interest rate (annual) for a three year period. From
Question 8 4 pts Suppose you take out an auto loan for $10,000 with a 6% interest rate (annual) for a three year period. From the amortization schedule below, what is the "principal repaid amount in year 2 (rounded to the nearest dollar)? Year Beginning Annual Interest Principal Repaid End Balance Balance Payment Component 1 $10,000.00 2 $6,858.90 3 $3,529.34 $3,741 $3,330 O $600 $3.429 $6,858.90 $3,529.34 $0.00
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