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You buy a car costing $28,000 today. You put no money down (i.e., you borrow/finance the full amount), and the rate of interest on the

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You buy a car costing $28,000 today. You put no money down (i.e., you borrow/finance the full amount), and the rate of interest on the loan is 7.2%. The loan is to be paid back in equal monthly installments over the next 5 years, with the first payment due one month from the purchase date. How much of the SECOND month's payment goes towards paying down the principal on this loan

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