Question: You borrowed $ 2 5 5 , 0 0 0 from a private financial institution. The monthly flat rate is 0 . 1 9 %

You borrowed $255,000 from a private financial institution. The monthly flat rate is 0.19% and you plan to pay it off in 5 years with monthly repayment. Interest is allocated based on Rule of 78. Find the amount of interest accrued in the last month.

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