Question: just beed the answer please. please answer asap :) Your bank offers to lend you $108,500 at an 8.5% annual interest rate to start your

just beed the answer please. please answer asap :)

Your bank offers to lend you $108,500 at an 8.5% annual interest rate to start your new business. The terms require you to amortize the loan with 5 equal end-of-year payments. How much interest would you be paying in Year 2 ? $6,880.67 $7,666.06 $9,890.96 $8,170.79 $8,600.83

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