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Your bank offers to lend you $107,200 at a 7.9% annual interest rate to start your new business. The terms require you to amortize the

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Your bank offers to lend you $107,200 at a 7.9% annual interest rate to start your new business. The terms require you to amortize the loan with 10 equal end-of-year payments. How much interest would you be paying in Year 2 ? a. $15,903.98 b. $7,881.42 c. $8,468.80 d. $14,739.55 e. $7,973.41

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