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Vall Street Inc has EBITDA of $100M this year, and only a 5 -year term loan A that amortizes straight line at a 5% interest

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Vall Street Inc has EBITDA of $100M this year, and only a 5 -year term loan A that amortizes straight line at a 5% interest rate as debt on the books. Calculate the interest paid in year 2 of the term loan. $1M $2M $3.5M 5M

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