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Your bank offers to lend you $90,200 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 $90,200 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? Oa. $7,150.19 Ob. $5,720.15 Oc. $8,222.71 Od. $6,435.17 Oe. $6,792.68

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