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Your company is planning to borrow $2 million on a 9-year, 12%,annual payment, fully amortized term loan. What fraction of thepayment made at the end

Your company is planning to borrow $2 million on a 9-year, 12%,annual payment, fully amortized term loan. What fraction of thepayment made at the end of the second year will represent repaymentof p 1 answer

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