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A loan is amortized with level monthly payments at an annual effective interest rate of 10%. The amount of principal repaid in the 6th month

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A loan is amortized with level monthly payments at an annual effective interest rate of 10%. The amount of principal repaid in the 6th month is 500. Calculate the principal repaid in the 30th month. A 500 B 555 605 D 705 E 805

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