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using N I/YR PV PMT FV You plan to borrow $47,400 at a 7.5% annual interest rate. The terms require you to amortize the loan

using N I/YR PV PMT FV

You plan to borrow $47,400 at a 7.5% annual interest rate. The terms require you to amortize the loan with 7 equal end-of-ycar payinenti. How much inteted would you be paying in Year 2

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