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Victoria buys a property for $2,500,000, paying a down payment of $500,000 and the rest on a 15-year loan with an annual interest rate of
Victoria buys a property for $2,500,000, paying a down payment of $500,000 and the rest on a 15-year loan with an annual interest rate of 12% compounded each month. How much of payment number 55 goes to cover interest?
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