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Suppose you borrowed $12,000 at a rate of 9.0% and must repay it in 4 equal installments at the end of each of the next

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Suppose you borrowed $12,000 at a rate of 9.0% and must repay it in 4 equal installments at the end of each of the next 4 years. How much principal do you owe after your first interest payment? 2,624.02 O 2,895.15 O 2,824,06 O 2,482,16 O 4,083.21

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