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Assume that you borrow $36,000 for six years at an interest rate of 3.6% per year. If the loan has monthly payments, what is the
Assume that you borrow $36,000 for six years at an interest rate of 3.6% per year. If the loan has monthly payments, what is the amount of principal in the first payment? Question 5 options: A) $448.69 B) $556.69 C) $462.59 D) $477.86 E) $522.86
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