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Posted: **Tue Jul 12, 2022 12:42 pm**

: Mr Lamb Borrowed 8321 00 At 11 12 Compounded Monthly He Agreed To Repay The Loan In Equal Monthly Payments Over Five 1 (14.41 KiB) Viewed 46 times

Mr. Lamb borrowed $8321.00 at 11.12% compounded monthly. He agreed to repay the loan in equal monthly payments over five years. What is the principal repaid in the first payment? a O b C d $99.98 $102.74 $104.31 $96.36