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Suppose you take out five-year loan of $54,000. The interest rate is 9% per year and the loan calls equal annual payments (a single and

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Suppose you take out five-year loan of $54,000. The interest rate is 9% per year and the loan calls equal annual payments (a single and fixed payment each year). Which of the following are correct? (Check all that apply.) Check All That Apply Year 1 ending balance of the amortization schedule is $35,141.95. Interest paid in second year is $4,047.93. Total interest paid over the life of loan is $15,414.96. The single and fixed payment each year is $10,800

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