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An annuity providing a rate of return of 4.8% compounded monthly was purchased for $46,000. The annuity pays $400 at the end of each month.

An annuity providing a rate of return of 4.8% compounded monthly was purchased for $46,000. 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.)

Principal $

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