Question: The third file is for a client named Alexei. Alexei took out a personal loan exactly one year ago with Harrison Bank. From his file,

The third file is for a client named Alexei. Alexei took out a personal loan exactly one year ago with Harrison Bank. From his file, you have noted the following information: Original loan amount: $42,000 Current loan outstanding: $35311.47 Monthly repayment: $840 Next repayment: Due exactly 1 month from now Interest rate on loan:12=8.7% For the purposes of the remaining questions, use the rounded values given above. Using this information, determine the following: How much principal has Alexei repaid over the last year? Give your answer to the nearest cent, and do NOT include a dollar sign.

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