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Question 5 You just purchased a new car and had to borrow $25,000. According to the financing arrangement, you must repay the loan via 5

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Question 5 You just purchased a new car and had to borrow $25,000. According to the financing arrangement, you must repay the loan via 5 years of monthly nominal rate of 8%. How much of the 3rd payment goes towards interest? O $153.88 O $171.13 O $162.11 O $15061 O $158.40 Question 6

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