Question: Question Clara borrows $700 at 8% effective that she repays using the amortization method. She makes payments of $186,5366, and $269.57 at the end of

Question Clara borrows $700 at 8% effective that she repays using the amortization method. She makes payments of $186,5366, and $269.57 at the end of years 1, 2 and 3, respectively. Determine the amount of principal repaid in the second payment. Possible Answers 456 56.0 C 130.0 D 320.4 570.0

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