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An amount of $500,000 is borrowed at 9% compounded annual interest, with the loan to be repaid with 13 equal annual payments. If the first

An amount of $500,000 is borrowed at 9% compounded annual interest, with the loan to be repaid with 13 equal annual payments. If the first payment is made 1 year after receiving the $500,000, how much of the 5th payment will be an interest payment?

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