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Your company has just taken out a 1 -year installment loan for $100,000. Monthly payments on the loan will be $9312. due at the end

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Your company has just taken out a 1 -year installment loan for $100,000. Monthly payments on the loan will be $9312. due at the end of each month. What percentage of the 3rd monthly payment will go toward repayment of principal? 78.46% 67.96% 73.56% 84.06% 89.66%

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