Calculate how much of the original principal of 80 000 will, Financial Management

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Calculate how much of the original principal of 80 000 will

On January 1, Frank Jenson bought a new BMW X6 with an automobile loan of $80, 000. He will repay the loan in the next 10 years (10 equal EOY payments). If the interest rate is 8% per year, calculate how much of the original principal of $80, 000 will be paid in the second payment?

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Financial Management: Calculate how much of the original principal of 80 000 will

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