In an amortization table for a four-year loan of $163,950, given an interest rate of...
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In an amortization table for a four-year loan of $163,950, given an interest rate of 2%, how much will the principal payment be in the second year if the loan calls for equal payments? Select one: a. $66,965.65 b. $54,444.44 c.$40,573.73 d. $51,200.00
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