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You plan to borrow $43,177 at a 6% annual interest rate. The terms require you to amortize the loan with 9 equal end-of-year payments. How

You plan to borrow $43,177 at a 6% annual interest rate. The terms require you to amortize the loan with 9 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.

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