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10 pts Consider a 3-year installment loan. The APR is 7%. Monthly loan payments are $820. In the 10th month, the beginning balance is $43,000.

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10 pts Consider a 3-year installment loan. The APR is 7%. Monthly loan payments are $820. In the 10th month, the beginning balance is $43,000. How much of the $820 payment that month would reduce the principal of the loan? Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal leg. for $12,345.67, type 12345.67)

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