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A loan of L=65,000 is amortized over a 10 -year period with level monthly payments beginning one month after the loan is made. The interest

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A loan of L=65,000 is amortized over a 10 -year period with level monthly payments beginning one month after the loan is made. The interest rate is i(12)=0.06 Find the amount of interest paid in the n=40 th payment. Keep 4 decimal places only

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