Question: For a 2 - year loan with $ 1 0 , 0 0 0 principal, 5 % annual interest rate and 2 4 monthly repayments,

For a 2-year loan with $10,000 principal, 5% annual interest rate and 24 monthly repayments, what percentage of the third payment goes towards the payment of the principal?
A.94%
B.92%
C.91%
D.89%
For a 2-year loan with $10,000 principal, 5% annual interest rate

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