Question: Ms Eliza Doolittle gets a $ 1 4 , 0 0 0 bank loan which has an interest rate of 9 % compounded annually and

Ms Eliza Doolittle gets a $14,000 bank loan which has an interest rate of 9% compounded annually and calls for six equal annual payments (first payment one year from now. How much interest is paid in the second year?

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