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. Your company has just taken out a 8-year installment loan for $72,500 at a nominal rate of 5.0% but with equal end-of-year payments. What

. Your company has just taken out a 8-year installment loan for $72,500 at a nominal rate of 5.0% but with equal end-of-year payments. What percentage of the 6th payment will go toward the repayment of principal?

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