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Paul's student loan of $27,500 at 4.02% compounded quarterly was amortized over 6 years with payments made at the end of every month. What was

Paul's student loan of $27,500 at 4.02% compounded quarterly was amortized over 6 years with payments made at the end of every month. What was the principal balance on the loan after 5 years? Round to the nearest cent

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