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After finding a new job as a recent graduate you decided to buy a new car. To finance the purchase you borrowed $26,045 at an

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After finding a new job as a recent graduate you decided to buy a new car. To finance the purchase you borrowed $26,045 at an interest rate of 2.79%. You will be making monthly payments for 7 years to pay this loan. From your first monthly payment, how many dollars will be allocated to the principal? Round to the nearest penny and enter your answer in the box below

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