Question: QUESTION 2 A $40,000 loan at 6.6% compounded monthly will be repaid by monthly payments over ten years. Calculate the principal component of Payment 63.

QUESTION 2 A $40,000 loan at 6.6% compounded monthly will be repaid by monthly payments over ten years. Calculate the principal component of Payment 63. $12432 $357.74 $345.22 $350 $331.91

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