Grant inc borrowed 83000 on jan 1 year 1 the company

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Grant, Inc borrowed $83,000 on Jan 1 Year 1. The company promised to repay the loan in 9 installments.?The company will also pay 2% interest each year. If the last installment is a balloon payment 3 times as much as the other equal installments, how much is the interest payment at the end of year 2?? Keep all decimal places while doing your calculations.? Round your final answer to the nearest $1.

Reference no: EM13573838

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