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Sophie's student loan of $22,500 at 3.82% compounded quarterly was amortized over 6 years with payments made at the end of every month. What was

Sophie's student loan of $22,500 at 3.82% 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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