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Garrett is paying $820 every month on his business loan. If the loan lasts 7 years and has a 5.5% interest rate, how much was

Garrett is paying $820 every month on his business loan. If the loan lasts 7 years and has a 5.5% interest rate, how much was the original loan amount?

Group of answer choices

$563.70

$68,880.00

$57,063.16

$83,787.10

Please answer using an excel function.

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