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A 1 7 - year loan for $ 1 , 5 0 0 , 0 0 0 is to be amortized by equal monthly payments.

A 17-year loan for $1,500,000 is to be amortized by equal monthly payments. If the APR is at
6.40%, find the amount of the interest in the first payment.
$
(calculate to cents.)
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