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You receive a $12,000 4-year constant payment loan (CPL). The loan's annual interest rate is 4%. What is the principal portion of the total payment

You receive a $12,000 4-year constant payment loan (CPL). The loan's annual interest rate is 4%. What is the principal portion of the total payment in year 4, rounded to the nearest dollar?

You receive a $17,000 5-year constant amortization loan (CAL). The loan's annual interest rate is 12%. What is the total payment in year 4, rounded to the nearest dollar?

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