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Ellice borrowed the following Federal student loans during college: Freshman year: $11500 with 3 % origination fee Sophomore year: $ 12300 with 5% origination fee What was the average principal amount Ellice borrowed? Select the correct answer below: A. The average principal amount borrowed was $12,915 B. The average principal amount borrowed was $11,845. C. The average principal amount borrowed was $12,380. D. The average principal amount borrowed was $11,900.
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