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Kendra takes out a 10 year loan for $235,000. The interest rate is i(2) = 7.750%, and she makes monthly payments. How long (how many

Kendra takes out a 10 year loan for $235,000. The interest rate is i(2) = 7.750%, and she makes monthly payments. How long (how many payments) until more of her monthly payment is going to Principal Reduction than is going to Interest? (i.e when is the first time t with PR > It?) a. 14 O b. 13 c c. 16 O d. 15 O e. 12 Certainty : C=1 (Unsure: 67%) C=3 (Quite sure: >80%)

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