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You borrow an amount at a rate of 1 2 % , monthly compounded. You must repay the loan by making 2 0 0 regular

You borrow an amount at a rate of 12%, monthly compounded. You must repay the loan by making 200 regular monthly payments of $600, plus an irregular payment of $1000. If the first of the 200 monthly payments is made exactly 12 months from now, and the irregular payment of $1000 is made at the same time as the first monthly payment, what would be the borrowed amount?
Multiple Choice
$52468.32
$47315.96
$26548.23
$32584.54
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