As the credit manager of a local bank, you decided to give 10,000$ credit to...
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Accounting
As the credit manager of a local bank, you decided to give 10,000$ credit to your customer. The customer agreed to pay back this loan as 4 equal payments. If the interest rate is 7%, what is the interest payment which must be paid in year two?(15 Points)
502.98
542.34
590.50
550.26
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