Question: Problem 0 1 . 0 3 5 - Simple and compound interest TMI Systems, a company that customizes software for construction cost estimates, repaid a

Problem 01.035- Simple and compound interest
TMI Systems, a company that customizes software for construction cost estimates, repaid a loan obtained 6.00 years ago at 12.00% per year simple interest. If the amount that TMI repaid was $190,000, calculate the principal of the loan.(Round the final answer to three decimal places.)
The principal of the loan is $

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