Question: Find the amount applied to principle for the third month of a 4 -year loan of $17,100 which charges 3.5 percent compounded monthly with monthly

Find the amount applied to principle for the third month of a 4 -year loan of $17,100 which charges 3.5 percent compounded monthly with monthly payments. The amount applied to principle for the third month is $ (Round to the nearest cent.)

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