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You plan to borrow $11,000 at a 7.5% annual interest rate. The terms require you to amortize the loan with 7 equal end-of-year payments. How

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You plan to borrow $11,000 at a 7.5% annual interest rate. The terms require you to amortize the loan with 7 equal end-of-year payments. How much interest would you be paying in Year 2? Select the correct answer. Oa. $742.71 Ob. $731.11 Oc. $719.51 Od. $736.91 Oe. $748.51

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