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A loan of L=70,000 is amortized over a 10-year period with level monthly payments beginning one month after the loan is made. The interest

A loan of L=70,000 is amortized over a 10-year period with level monthly payments beginning one month after the loan is made. The interest rate is (12) = 0.06 . Find the amount of interest paid in the n=35th payment. Keep 4 decimal places only.

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