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Arcanine deposits $ 3 3 0 0 0 into a savings account which earns 8 . 3 % compounded monthly. Bulbasaur obtains a car loan
Arcanine deposits $
into a savings account which earns
compounded monthly. Bulbasaur obtains a car loan of $
which runs for years at
compounded monthly. Charizard also obtains a car loan of $
which runs for years at
compounded monthly. how much is charizards monthly payment? Based on this monthly payment, in the first monthly payment how many dollars goes towards the payment of interest, and thus dollars goes towards the payment of principal that is "goes towards the payment of principal" means that this amount of money is used towards reducing the balanceprincipal of the account Since the principal started at $ after the first month's payment, the new principal is how many dollars.
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