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Adones borrows $ 2 2 , 0 0 0 to be repald over 1 1 years at 1 2 percent. Repayment of principal in the

Adones borrows $22,000 to be repald over 11 years at 12 percent. Repayment of principal in the first year is: Use ARpendix D to calculate the answer.Note: Round your intermediate calculations to the nearest dollar value.01:17:49Multiple Choice$3,705$1,065$1,149$1,292

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