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Current Attempt in Progress Natasha takes out a loan. The interest on the loan is 1 1 % per year, compounded monthly. Natasha makes monthly

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Natasha takes out a loan. The interest on the loan is 11% per year, compounded monthly. Natasha makes monthly payments of $1300. After making t monthly payments, she still owes $13000 on her loan. For her t+1 st monthly payment, $119 goes toward the interest and the remaining $1181 goes toward the principal. How much will Natasha owe on her loan after this payment is processed?
$12881
$11819
$13000
$11700
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