A 12-year loan requires month-end payments of $587.81 including interest at 8.4% compounded monthly. What was the

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A 12-year loan requires month-end payments of $587.81 including interest at 8.4% compounded monthly.

What was the original amount of the loan?(Do not round intermediate calculations and round your final answer to 2 decimal places.)

Original loan $

Posted Date: May 18, 2024 02:15 PM

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A 12-year loan requires month-end payments of $587.81 including interest at 8.4% compounded monthly. What was the

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