Three years ago, Corporation ABC borrowed $250,000 from TD bank. The term of the loan...
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Three years ago, Corporation ABC borrowed $250,000 from TD bank. The term of the loan was 10 years and it required monthly payments. The interest rate was six percent compounded monthly. In the 20th payment, how much goes towards paying down principal? (choose the closest option) a. $1,687.43 O b. $1,089.98 OC. $1,677.15 O d. $1,695.64 e. $1,685.53 Of. $1,098.36
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