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makes annual year-end payments of $8361.25 on a 20-year loan with an annual interest rate of 7.4 percent compounded semi-annually, what is the original principal

makes annual year-end payments of $8361.25 on a 20-year loan with an annual interest rate of 7.4 percent compounded semi-annually, what is the original principal amount for John's loan?

Question 25 options:

$85 000

$83 325

$82 000

$85 700

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