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5. A loan of $ 200,000 is repaid using the amortization method with payments at the end of each month for 30 years. If the

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5. A loan of $ 200,000 is repaid using the amortization method with payments at the end of each month for 30 years. If the nominal annual rate of interest convertible monthly is 6%, to the nearest dollar what is the total amount of principal and interest paid over the course of the loan? A. $ 231,676.38 B. $281,676.38 C. $ 331,676.38 D. $ 381,676.38 E. $ 431,676.38

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