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We determined R = 0.07 and T = 214 360 . The amount of interest was given to be $353.69, so I = 353.69 Substitute

We determined R = 0.07 and T = 214 360 . The amount of interest was given to be $353.69, so I = 353.69 Substitute these values to find the principal of the loan, rounding the result to the nearest dollar. P = I RT = 353.69 0.07 214 360

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