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Carlos purchased a machine for $ 2 5 , 5 0 0 for her company. She paid 5 . 0 0 % of this amount
Carlos purchased a machine for $ for her company. She paid of this amount as a down payment and financed the rest at compounded quarterly. She paid $ at the end of every quarter to settle the loan.
a What was the principal portion of payment number
Round to the nearest cent
b What was the interest portion of payment number
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