Question: According to the data in exercise 3 and using the flat payment schedule table, what is the interest payment at the end of the 2nd

According to the data in exercise 3 and using the flat payment schedule table, what is the interest payment at the end of the 2nd year of a loan with the following characteristics:

- Principal: 10000

- Interest rate: 15%

- Maturity: 5 years

Select one:

a. 1629,15

b. 683.92

c. 1277.53

d. 1755.35

According to the data in exercise 3 and using the flat

FLAT PAYMENT SCHEDULE Year Principal Payment at beginning at end of of year year Interest

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