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Assume that you borrow $4,000 for six years at an interest rate of 5.2% per year. If the loan has annual payments, what is the

Assume that you borrow $4,000 for six years at an interest rate of 5.2% per year. If the loan has annual payments, what is the amount of principal in the first payment? 1) $579.12 2) $591.22 3) $557.34 4) $608.26 5) $585.12

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