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You are taking out a $29556 loan. It will be amortized with fixed paymentsover 10 years. It is to be paid quarterly and the APRis

You are taking out a $29556 loan. It will be amortized with fixed paymentsover 10 years. It is to be paid quarterly and the APRis 4%.

What is the interest payment on the loan in the second quarter?

Select one:

a.$285.81

b.$289.51

c.$281.67

d.$357.63

e.$295.56

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