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are my answers correct You have just taken out a $25,000 car loan with a 5% APR, compounded monthly The loan is for five years
are my answers correct
You have just taken out a $25,000 car loan with a 5% APR, compounded monthly The loan is for five years When you make your first payment in one month, how much of the payment will go toward the principal of the loan and how much will go toward interest? (Note Be careful not to round any intermediate steps less than six decimal places) When you make yoe first payment, $472 24 will go toward the principal of the loan and S 36724 will go toward the interest. (Round to the nearest cent) 0 Vi()More Enter your answer in each of the answer O Type here to searchStep by Step Solution
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