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Mike just bought a car. To do so , he borrowed $ 3 1 , 0 0 0 to be repaid over the next 5

Mike just bought a car. To do so, he borrowed $31,000 to be repaid over the next 5 years with monthly payments and an annualized interest rate of 5.0%. Think about payment #44. How much of this payment will be interest? Enter your answer as a positive number (in dollars), and round to the nearest dollar.

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