Your company is planning to borrow $1.5 million on a 5-year, 13%, annual payment, fully amortized term loan. The data ha

[answerhappygod]

Your company is planning to borrow $1.5 million on a 5-year,
13%, annual payment, fully amortized term loan.
The data has been collected in the Microsoft Excel Online file
below. Open the spreadsheet and perform the required analysis to
answer the question below.
Open spreadsheet
What fraction of the payment made at the end of the second year
will represent repayment of principal? Do not round intermediate
calculations. Round your answer to two decimal places.
fill in the blank 2 %