Question: How much principal will be repaid in the second year on a 20-year, $60,000 mortgage requiring annual payments and a 10% annual interest rate? $5,895.24

How much principal will be repaid in the second year on a 20-year, $60,000 mortgage requiring annual payments and a 10% annual interest rate? $5,895.24 $7,047.58 $1,047.58 $1,725.70 $1,152.34

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