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Question 9 (1 point) Your company is planning to borrow $1,000,000 on a 5-year, 15%, annual payment, fully amortized term loan. What fraction of the

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Question 9 (1 point) Your company is planning to borrow $1,000,000 on a 5-year, 15%, annual payment, fully amortized term loan. What fraction of the payment made at the end of the second year will represent repayment of principal? a) 44.1% Ob) 48.0% OC) 51.8% d) 54.5% Oe) 57.2%

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