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You take a fixed-rate, amortizing, 7-year loan to buy a car. The loan amount is $130,000, the APR is 4.8%. Payment is expected at the

You take a fixed-rate, amortizing, 7-year loan to buy a car. The loan amount is $130,000, the APR is 4.8%. Payment is expected at the end of each month. what is the scheduled principal payment in your end of month 24 payment assuming all payments were made on time and no prepayments were made?

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