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A small business loan requires end-of-month payments of $1,645.84 for five years, including interest at 7% compounded semiannually. What is the principal balance remaining on

A small business loan requires end-of-month payments of $1,645.84 for five years, including interest at 7% compounded semiannually. What is the principal balance remaining on the loan immediately after the 10th payment? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

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