Question: Instructor-created question Find the amount applied to principle for the third month of a 4-year loan of $18,500 which charges 4.8 percent compounded monthly with

Instructor-created question Find the amount applied to principle for the third month of a 4-year loan of $18,500 which charges 4.8 percent compounded monthly with monthly payments. The amount applied to principle for the third month in SO (Round to the nearest cent.)

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