Question: Clara borrows $700 at 8% effective that she repays using the amortization method. She makes payments of $186,$366, and $269.57 at the end of years

Clara borrows $700 at 8% effective that she repays using the

Clara borrows $700 at 8% effective that she repays using the amortization method. She makes payments of $186,$366, and $269.57 at the end of years 1,2 , and 3 , respectively. Determine the amount of principal repaid in the second payment

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