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Your company is planning to borrow $100,000 on a 10-year, 16.50% annual payment, fully amortized term loan. What fraction of the payment made at the

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Your company is planning to borrow $100,000 on a 10-year, 16.50% annual payment, fully amortized term loan. What fraction of the payment made at the end of the third year will represent repayment of principal? 40.0% O 21.7% 29.5% 25.3% O 34.3%

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