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2. The loan principal of a loan has been paid down to $19,405. If the annual interest rate is 5.75% and the payment is $480.42,

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2. The loan principal of a loan has been paid down to $19,405. If the annual interest rate is 5.75% and the payment is $480.42, what part of the next payment is the principal portion? Hint: you will calculate total principle amount through equal payment $480.42

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