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You have borrowed $90,000 to buy rental property. You plan to make monthly payments over a 15-year period. The bank has offered you a 9%

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You have borrowed $90,000 to buy rental property. You plan to make monthly payments over a 15-year period. The bank has offered you a 9% interest rate compounded monthly Calculate the principal paid to the bank in month two of the loan. Assume end-of-period payments. Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer a $239.61 b $186.38 $188.46 d $190.64 e $192.73

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