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A company currently owes $30,000 to a bank for a loan it took 6 years and 4 months ago

Finance

A company currently owes $30,000 to a bank for a loan it took 6 years and 4 months ago. The interest rate charged on the loan was 5.5% compounded monthly. 
a. What was the original principal of the loan? 
Round to the nearest cent 
b. What was the amount of interest charged on the loan? 

Option 1

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2.96 USD

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Option 2

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