You borrowed $8,000. You will pay back the loan in 5 annual payments. The interest rate is

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You borrowed $8,000. You will pay back the loan in 5 annual payments. The interest rate is 8%. What is the amount of interest in the second payment?

Round your answer to 2 decimals, for example 100.12.

Posted Date: May 18, 2024 09:00 AM

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You borrowed $8,000. You will pay back the loan in 5 annual payments. The interest rate is

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