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  3. a business will take out a 5-year loan of $200,000

A business will take out a 5-year loan of $200,000. The interest rate is 10%...

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Finance

  1. A business will take out a 5-year loan of $200,000. The interest rate is 10% per year and the loan calls for equal annual payments. How much principal is paid in the 2nd year?


    36,035.45

    38,035.45

    52,759.50

    40,000.00

    None of the above.

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