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Statue Builders, Inc. took out a loan for $243,022 that has to be repaid in 10...

Statue Builders, Inc. took out a loan for $243,022 that has to be repaid in 10 equal annual installments. The APR on the loan is 6.99 percent. How much of the second payment is interest?

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Expert Solution

The answer is 15757.16

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jeff jeffy answered 2 years ago
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