Question: Consider a 27 year loan for $191663 at an annual interest rate of 8%. If payments are madeyearly, howmany dollars of the 16thpayment willgo toward

Consider a 27 year loan for $191663 at an annual interest rate of 8%. If payments are madeyearly, howmany dollars of the 16thpayment willgo toward interest?

Round your answer to the nearest dollar.

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