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Stephanie purchased a machine for $ 2 1 , 0 0 0 for his company. He paid 5 . 0 0 % of this amount
Stephanie purchased a machine for $ for his company. He paid of this amount as a down payment and financed the rest at compounded monthly. He paid $ at the end of every month to settle the loan.
a What was the principal portion of payment number
Round to the nearest cent
b What was the interest portion of payment number
Round to the nearest cent
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