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You borrow $100,000 and make annual payments for 5 years. The interest rate is 8%. How much interest do you pay in year 2? PLEASE
You borrow $100,000 and make annual payments for 5 years. The interest rate is 8%. How much interest do you pay in year 2?
PLEASE EXPLAIN STEP BY STEP HOW YOU SOLVE WITH ONLY YOUR FINANCIAL CALCULATOR
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