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F​‌‍‍‍‌‍‍‍‌‍‍‍‌‌‌‌‌‌‍‍​ind the principal of a loan at 4% if the simple interest after 6 years 6 months is $1,248. 

Discuss how incr​‌‍‍‍‌‍‍‍‌‍‍‍‌‌‌‌‌‌‍‍​easing the term effects the principle amount based on the same interest payments of a simple interest loan​‌‍‍‍‌‍‍‍‌‍‍‍‌‌‌‌‌‌‍‍​?

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