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Two years ago, you purchased a high-end home theatre system and financed your purchase with a six-year loan at 6% per annum. You were making
Two years ago, you purchased a high-end home theatre system and financed your purchase with a six-year loan at 6% per annum. You were making monthly payments of $700 on the loan and you have just made your 24th monthly payment today. The amount of your original loan is closest to:
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