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Earlier this year, Joe took out a 5-year loan to buy a used car. Joe makes monthly payments of $361 on the loan. Earlier today,

Earlier this year, Joe took out a 5-year loan to buy a used car. Joe makes monthly payments of $361 on the loan. Earlier today, he made the 12th payment on the loan and his next payment is due one month from today. If the interest rate on Joe's loan is 9% APR, what is the principal balance on his car loan today?

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