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Raquel has a mortgage of $279,000 through her bank for property purchased. The loan is repaid by end of month payments of $1,944.93 with an
Raquel has a mortgage of $279,000 through her bank for property purchased. The loan is repaid by end of month payments of $1,944.93 with an interest rate of 4.89% compounded monthly over 18 years. What is the interest included in the 42nd payment of the mortgage? Enter a POSITIVE VALUE rounded to two decimal places. $
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