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. Your bank offers to lend you $99,700 at an 8.5% annual interest rate to start your new business. The terms require you to amortize

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. Your bank offers to lend you $99,700 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. $7,903.25 O b. $7,508.09 Oc. $6,322.60 Od. $7,112.93 Oe. $9,088.74

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