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Bob Katz is purchasing a new Honda Pilot for $35,000. He is financing $30,000 with...

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Accounting

Bob Katz is purchasing a new Honda Pilot for $35,000. He is financing $30,000 with a six year, 4% loan with annual payments. Construct an amortization schedule, in the 2nd year row, corresponding to his second annual payment, what is the dollar amount of the principal reduction?

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