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Beginning Principal | Each Month Beg. Prin. Bal. x 4.5% Total Ending Mth Principal Bal. Payment Interest Rate / 12 = Interest Exp. Payment Principal

Beginning Principal | Each Month Beg. Prin. Bal. x 4.5% Total Ending Mth Principal Bal. Payment Interest Rate / 12 = Interest Exp. Payment Principal Jan 1 625,000 Jan 31 625,000 2. = 2,344 3,167 624,177 Feb 28 623,350

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