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Riley takes out a loan L of 3000 dollars to buy a car at an effective annual rate of interest of 6%. He repays the

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Riley takes out a loan L of 3000 dollars to buy a car at an effective annual rate of interest of 6%. He repays the loan by making level annual payments at the end of each year for 10 years, using the amortization method. Find the amount of principal repaid in the 3rd payment Possible Answers A 180.00 B 227.60 231.62 D 212.95 E 255.74

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