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Consider a $500,000 fixed rate loan amortized over 30 years at 4.5% interest. How much principal will be paid in the 113 th month? Select

Consider a $500,000 fixed rate loan amortized over 30 years at 4.5% interest. How much principal will be paid in the 113th month?

Select one:

a. $2,533.43

b. $1,532.11

c. $1,001.31

d. $4,562.30

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