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Mathematics, 21.04.2021 06:00 travisvb

If the total amount of a loan, $22,000 is paid off in 3 years with an interest rate of 2.75%, compounded monthly, what was the principle rounded to the nearest cent? Provide only a numerical value for your answer (For example, if your amount came to $5,704.97, then you would type in 5704.97 as your answer).

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