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You plan to bortrow $49,100 at an 8,4% 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 bortrow $49,100 at an 8,4% 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 ? a. $3,730.03 b. $8.81933 c $3,667.80 d. $4,124,40 e. $9.560.16

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