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7. What is the amount of principal paid in the last month of a three-year, $20, with fixed monthly payments at 24% APR compounded monthly?

7. What is the amount of principal paid in the last month of a three-year, $20, with fixed monthly payments at 24% APR compounded monthly? a. Less than $740 b. Greater than $740 but less than $750 c. Greater than $750 but less than $760 d. Greater than $760 but less than $770 e. Greater than $770 10an

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