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Suppose you paid a $1,200 loan off by paying $400 in principal each year plus 10 percent annual interest. How much is the interest payment

Suppose you paid a $1,200 loan off by paying $400 in principal each year plus 10 percent annual interest. How much is the interest payment in the second year of the loan? Click the answer you think is right. Read about this $40 $66 $120 $80

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