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Far East Imports Inc. owes $ 6 4 0 0 0 . 0 0 to be repaid by monthly payments of $ 2 4 7

Far East Imports Inc. owes $64000.00 to be repaid by monthly payments of $2475.00. Interest is 6.12% compounded monthly. What is the outstanding principal amount at the end of year 2? Group of answer choices50300.5449080.1059691.8455312.87

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