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How much total principal is repaid till the beginning of the 17 th payment interval of a 4.5-year loan for $4,567 at an interest rate
How much total principal is repaid till the beginning of the 17thpayment interval of a 4.5-year loan for $4,567 at an interest rate of 7.44% compounded monthly? The payments are also monthly.(2 points)
Question 18 options:
$3,368.84
$1,465.01
$1,277.06
$1,198.16
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