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Question 7 (1 point) Consider a loan with an annual interest rate of 8%, a 10-year duration and a present value (amount borrowed) of $60,000.

Question 7 (1 point) Consider a loan with an annual interest rate of 8%, a 10-year duration and a present value (amount borrowed) of $60,000. Monthly payment Q:Calculate the principal portion for the 100th payment $825.32 $568.53 $704.18 $633.16

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