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An annuity providing a rate of return of 4 . 8 % compounded monthly was purchased for $ 4 1 , 0 0 0 .

An annuity providing a rate of return of 4.8% compounded monthly
was purchased for $41,000. The annuity pays $400 at the end of each
month. What will be the principal portion of Payment
92?(Round your answer to 2 decimal
places.)

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