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If you buy a car that costs $ 3 1 , 5 0 3 with a 4 - year amortized car loan that has a

If you buy a car that costs $

31, 503

with a

4 -

year amortized car loan that has a

6.70 %

nominal interest rate with monthly payments, how much of your

25

th payment will be applied towards the repayment of principal?

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