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You took out a loan that has an EAR of 5.5% and requires monthly payments of $900. If this loan has five years remaining until

You took out a loan that has an EAR of 5.5% and requires monthly payments of $900. If this loan has five years remaining until it is fully paid, what is the outstanding loan principal? $54,973 $55,185 $55,299 $55,087 $55,339

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