You have amortization schedule to pay back $1,000,000 with 3% for 48-payments (your first payment...
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You have amortization schedule to pay back $1,000,000 with 3% for 48-payments (your first payment is one period from today.) From the 1st to 47th payments, what is your principal amount?
answer choices: a. 961575 b. 961580 c. 961585 d. 961590
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