Question: TMI Systems, a company that customizes software for construction cost estimates, repaid a loan obtained 8 years ago at 14% per year simple interest. If

TMI Systems, a company that customizes software for construction cost estimates, repaid a loan obtained 8 years ago at 14% per year simple interest. If the amount that TMI repaid was $250,000, calculate the principal of the loan.

The principal of the loan is $.

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