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Lou Lewis borrows $33,000 to be repaid over 14 years at 11 percent. Repayment of...

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Accounting

Lou Lewis borrows $33,000 to be repaid over 14 years at 11 percent. Repayment of principal in the first year is: Use Appendix D to calculate the answer. (Round your intermediate calculations to the nearest dollar value.) Multiple Choice

A$4,726

B$1,323

C$1,096

D$1,180

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