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You are planning to borrow $10,000 to buy a new car. The loan is being made to you at 8.0 % (Eight Percent) Annual Percentage
You are planning to borrow $10,000 to buy a new car. The loan is being made to you at 8.0 % (Eight Percent) Annual Percentage Rate ~ APR. You will make monthly payments for four years. How much of the third monthly payment will go to the payment of Interest?
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