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Your company has just taken out a 1-year installment loan for $72,500 at a nominal...

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Calculus

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Your company has just taken out a 1-year installment loan for $72,500 at a nominal rate of 20.0% but with equal end-of-month payments. What percentage ofthe 2nd monthly payment will go toward the repayment of principal?O a. 71.70%Ob. 97.55%O c. 83.37%d. 101.72%e. 86.71%3

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