Question 1 1 pts After graduating from UCF you plan to purchase a small condominium for $100.000. You will be required by the bank to put a down payment of 10% of the purchase price. You plan to finance the loan for 30 years. Assume monthly payments and a nominal rate monthly compounding) of 3%. What percentage of the first 25 payments goes toward paying principal? Approximately 25% Approximately 58% Approximately 42% Approximately 75% Approximately 7