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You are to repaying a loan of with 22 quarterly repayments of $200.00, with the first...

You are to repaying a loan of with 22 quarterly repayments of $200.00, with the first repayment being one quarter after you took out the loan. Interest is charged at j4 = 8.2290% p.a. Immediately after your 17th repayment, the Outstanding Principal is:

options: 1) $903.19

2) $1,042.00

3) $941.13

4) $1,000.00

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