Your bank offers to lend you $180000 at an 8.5% annual interest rate to start your business .
The terms require you amortize the loan with 10 equal end -of-year payment .
How much interest would you be paying in year2?
Your bank offers to lend you $180000 at an 8.5% annual interest rate to start your business .
The terms require you amortize the loan with 10 equal end -of-year payment .
How much interest would you be paying in year2?
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