(Answered) You borrow 20000 today at an annual interest rate of 8 you

Finance

You borrow $20,000 today at an annual interest rate of 8%. You will repay the loan through three annual payments of $7,760.67, with the first payment to be made one year from today. When you make the SECOND payment, two years from today, what amount of the $7,760.67 payment will represent interest?

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