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krek1111 [17]
3 years ago
13

The total amount paid on a 5 year loan was $16,000. If the interest rate was 7% and compounded semi-annually, what was the princ

ipal? Round your answer to the nearest dollar. Provide your answer holowe​
Mathematics
1 answer:
mina [271]3 years ago
6 0

Answer:11,343

Step-by-step explanation:

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