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You borrowed $22,000 to buy a car. The interest rate is 9.5% (nominal) per year, compounded monthly, and the loan is for 48 months. How

You borrowed $22,000 to buy a car. The interest rate is 9.5% (nominal) per year, compounded monthly, and the loan is for 48 months. How much of the 35th payment is interest? Answer in $. The correct answer should be 57.77.

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