[Solved] You borrow $ 3 0 , 0 0 0 for 4 years unde

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You borrow $ 3 0 , 0 0 0 for 4 years under an amortized loan plan. Its interest rate is 7 % APR. How

You borrow $

30, 000

for

4

years under an amortized loan plan. Its interest rate is

7 %

APR. How much the principal amount is left at the end of

2

nd year?

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