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Find the amount applied to principle for the third month of a 4-year loan of $23,700 which charges 4.9 percent compounded monthly with monthly payments.

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Find the amount applied to principle for the third month of a 4-year loan of $23,700 which charges 4.9 percent compounded monthly with monthly payments. The amount applied to principle for the third month is $ (Round to the nearest cent.)

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