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The following loan is fully amortizing. The loan is for $15,000 at 6.5% interest to be repaid over three years. Amortize this loan on a

The following loan is fully amortizing. The loan is for $15,000 at 6.5% interest to be repaid over three years. Amortize this loan on a monthly basis calculate the interest portion of the fourth payment considering that an additional payment of $2000 was made with the second payment.

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