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Suppose you take out a mortgage for L=$160,000 at a annual nominal rate 5.4 percent compounded monthly. If your mortgage is amortized over 20 years

Suppose you take out a mortgage for L=$160,000 at a annual nominal rate 5.4 percent compounded monthly. If your mortgage is amortized over 20 years by level payments starting one month after the loan is made, how much principal repayment is in the n=74th payment? Keep 4 decimal places only.

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