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Statue Builders, Inc. took out a loan for $ 3 5 6 6 0 4 that has to be repaid in 1 3 equal annual

Statue Builders, Inc. took out a loan for $

356604

that has to be repaid in

13

equal annual installments. The APR on the loan is

8.75

percent. How much of the second payment is interest?

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