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highlight the answer please You have just taken out a $17,000 car loan with a 5% APR, compounded monthly. The loan is for five years.

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You have just taken out a $17,000 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 foward the principal of the loan and how much will go toward interest? (Note. Be careful not to round any intermeciate steps less than sar decimal places. When you make your first payment, 4 will go toward the principal of the loan and \$ will go toward the inderest. (Round fo the nearest cent)

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