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Please help me with these finance questions!! Show work PLEASE and do them all! Thanks! P 5-14 (similar to) Question Help You have just taken
Please help me with these finance questions!! Show work PLEASE and do them all! Thanks!
P 5-14 (similar to) Question Help You have just taken out a $21,000 car loan with a 8% 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 your first payment, Swill go toward the principal of the loan and S 140ll go toward the interest. (Round to the nearest cent.)Step by Step Solution
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