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We have a French Amortization Loan with the following terms. Using an annual calculation, calculate the interest payment in year 3. (The French loan

We have a French Amortization Loan with the following terms. Using an annual calculation, calculate the interest payment in year 3. (The French loan has constant payments in each period including principal + interest) Year 0 Year 1 Year 2 Year 3 French Amortization Amount 3112/yr0 49.971 Maturity in years Interest rate 3 yrs 9%

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