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On January 1 Donald borrows $5400 with a fixed annual interest rate on the loan of 9% and a loan term of 2 yearsHe will
On January 1 Donald borrows $5400 with a fixed annual interest rate on the loan of 9% and a loan term of 2 yearsHe will be making monthly payments of $246.70How much of Donald's first loan payment on February 1 would be principal?
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