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Your bank offers to lend you $116,300 at an 8.5% 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 $116,300 at an 8.5% 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? O a. $10,602.01 Ob. $7,375.31 O c. $8,758.18 O d. $9,219.14 Oe. $8,297.23

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