What is the original principal amount for larrys loan
Problem
If Larry makes annual year payments of $6500.39 on a 12 year loan with an annual interest of 6.3 percent compounded semi annually, what is the original principal amount for Larry's loan?
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If Larry makes annual year payments of $6500.39 on 12 year loan with an annual interest of 6.3 percent. What is the original principal amount for Larry's loan?
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