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Please solve without using excel, thankyou?! You have just taken out a ( $ 16,000 ) car loan with a ( 6 % ) APR,

Please solve without using excel, thankyou?! You have just taken out a \( \$ 16,000 \) car loan with a \( 6 \% \) APR, compounded monthly. The loan is for five years. When you make your first payment in one month, how much of the payment wi go t 2 answers

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