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Chandler borrowed $11,400 and agreed to repay the loan with payments of $500 per month. Using an interest rate of j12=3.6%, calculate the amount of

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Chandler borrowed $11,400 and agreed to repay the loan with payments of $500 per month. Using an interest rate of j12=3.6%, calculate the amount of principal repaid during the first year of the loan. Your

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