A simple interest loan for ($ 9,900) is taken out at (9.875 %) annual percentage rate. A
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A simple interest loan for \(\$ 9,900\) is taken out at \(9.875 \%\) annual percentage rate. A partial payment of \(\$ 4,000\) is made 65 days into the loan period.
Determine the remaining principal for the indicated partial payment on the loan with the given principal, interest rate, and time when the partial payment was made.
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