Angelo borrowed 58000 from his credit union. He agreed to repay the loan by making equal monthly payments for five years. Interest is 9% compounded monthly. b. How much of the principal will be repaid...

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Extracted text: Angelo borrowed 58000 from his credit union. He agreed to repay the loan by making equal monthly payments for five years. Interest is 9% compounded monthly. b. How much of the principal will be repaid in the 48th payment? Answer