Your Company Is Planning To Borrow $500,000 On A 5-Year, 8 Percent

Your company is planning to borrow $500,000 on a 5-year, 8 percent, annual payment, fully amortized term loan. What fraction of the payment made at the end of the second year will represent repayment of principal?A. a. 62. 91%B. b. 45. 93%C. c. 51. 32%D. d. 48. 13%E. e. 73. 50%

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