Computers and Technology, 18.02.2020 16:24 bananaslugs

Your bank offers to lend you $114,400 at an 8.5% annual interest rate to start your new business. The terms require you to amortize the loan with 10 equal end-of-year payments. How much interest would you be paying in Year 2?

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Your bank offers to lend you $114,400 at an 8.5% annual interest rate to start your new business. Th...