You plan to borrow $45,000 at a 7.6% annual interest rate. The terms require you to amortize the loan with 7 equal end-o

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answerhappygod
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You plan to borrow $45,000 at a 7.6% annual interest rate. The terms require you to amortize the loan with 7 equal end-o

Post by answerhappygod »

You plan to borrow $45,000 at a 7.6% annual interest rate. The
terms require you to amortize the loan with 7 equal end-of-year
payments. How much interest would you be paying in Year 2?
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