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You plan to botrow $49,600 at an 8.2% anmual interest rate. The terms require you to amortise the joan with 7 equal end-of-year paymients. How

You plan to botrow $49,600 at an 8.2% anmual interest rate. The terms require you to amortise the joan with 7 equal end-of-year paymients. How much interest would you be paying in Year 2 ? a. 34.06720 b. 49.49.05 c. 33,614.16 d. 18.86511 4. 13,67777

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