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Your bank created a fixed interest fully amortizing loan for a client that has a term of 5 years, an interest rate of 6%, and

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Your bank created a fixed interest fully amortizing loan for a client that has a term of 5 years, an interest rate of 6%, and monthly payments of $850. What was the amount of the loan? $52,160 $43,967$13,737 $21,482

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