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You plan to borrow $39,630 at a 7% annual interest rate. The terms require you to amortize the loan with 14 equal end-of-year payments. How

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You plan to borrow $39,630 at a 7% annual interest rate. The terms require you to amortize the loan with 14 equal end-of-year payments. How much interest will you pay in Year 2 (in dollar amount)? ** Round your answer to the nearest three decimals if needed. Do not type the $ symbol

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