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A $9,000 loan is to be repaid over 7 years with monthly payments of 12 = 12% p.a. Determine the amount of principal that is

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A $9,000 loan is to be repaid over 7 years with monthly payments of 12 = 12% p.a. Determine the amount of principal that is paid on the 5th payment. Select one: O A. $71.67 O B. $95.02 O C. $29.98 O D. $76.17

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