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A company currently owes $ 3 5 , 0 0 0 to a bank for a loan it took 4 years and 4 months ago.

A company currently owes $35,000 to a bank for a loan it took 4 years and 4 months ago. The interest rate charged on the loan was 5.5% compounded monthly.
a. What was the original principal of the loan?
$0.00
Round to the nearest cent
b. What was the amount of interest charged on the loan?
$0.00
Round to the nearest cent

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