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3. David and Debi Davidson have just signed a 5-year, 4% interest rate car loan for $25,000 to buy their car. Find out this couple's

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3. David and Debi Davidson have just signed a 5-year, 4% interest rate car loan for $25,000 to buy their car. Find out this couple's monthly car payment by preparing a loan amortization schedule for the Davidson's for the first 2 months, find out how much of their payments applied to interest: and after 2 payments, how much of their principal will be reduced. Construct a loan amortization schedule and show your calculations. (4 points)

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