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27 July, 13:04

At a rate of 4%, you paid $144.00 in interest over a two-year period. What was the original amount of your loan?

A. $2,250.00

B. $2,000.00

C. $1,800.00

D. $2,550.00

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  1. 27 July, 15:07
    0
    C. $1,800.00

    FV=1800 * (1+0.04*2) = 1944
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