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What amount of interest is paid in month 31 of a partially amortizing mortgage loan for $200,000 at 8% interest for 20 years with an
What amount of interest is paid in month 31 of a partially amortizing mortgage loan for $200,000 at 8% interest for 20 years with an agreed-upon balloon payment of $40,000 at maturity? Enter your answer rounded to the nearest penny with no punctuation other than a decimal point.
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