In order to buy a new car, you are taking out a loan for $$40,000.$ You will repay the

loan in annual payments over the next $12$ years and the loan has a stated interest

rate of $4\%.$ For the very last payment on your loan, how much of this is repayment of

principal?

Round to the nearest $$0\mathrm{.}01$ but do not use the $ sign. DO NOT USE commas to separate

thousands. For example if you obtain $$1,432\mathrm{.}728$ then enter $1433\mathrm{.}73$ ; if you obtain $$432$ then

enter $432\mathrm{.}00$

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