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Your company is planning to borrow $2 million on a 5 -yeac, 11%, annual payment, fully amortied term loan. The data has been collected in

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Your company is planning to borrow $2 million on a 5 -yeac, 11%, annual payment, fully amortied term loan. The data has been collected in the Microsoft Excel Online file belaw. Open the spreadsheet and perform the required analysis to answer the question below. What fraction of the payment made at the end of the second year will represent repayment of principal? Do not round intermeclate calculations. Round your answer to two decimat places

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