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You have purchased a car and have borrowed $22,996, which is the full price of the car. You will be making monthly payments for 5

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You have purchased a car and have borrowed $22,996, which is the full price of the car. You will be making monthly payments for 5 years. If your interest rate on the loan is 5.35%, From your first monthly payment, how many dollars will be allocated to the principal? Round to the nearest penny and enter your answer in the box below

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