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Judy has a 4-year car loan with a monthly payment of $350/. The APR on the loan is 4.50% compounded monthly. At some point during

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Judy has a 4-year car loan with a monthly payment of $350/. The APR on the loan is 4.50% compounded monthly. At some point during the 4-year loan period, if the outstanding balance on the car is $10500/-, how much of the monthly payment goes towards paying of the interest? For the previous problem, how much of the monthly payment goes towards paying the outstanding balance

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