Question: Multiple Choice Question Suppose you paid off a $ 1 , 2 0 0 loan by paying $ 4 0 0 in principal repayment each

Multiple Choice Question
Suppose you paid off a $1,200 loan by paying $400 in principal repayment each year plus 10% yearly interest. How much is the second interest payment?
Multiple choice question.
$66
$120
$40
$80

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