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You decide to buy the Mazda Miata. You borrow $20,000 at an annual rate (APR) of 7.40% for a 3 year loan. Interest payments are

You decide to buy the Mazda Miata. You borrow $20,000 at an annual rate (APR) of 7.40% for a 3 year loan. Interest payments are due monthly, at the end of each month. Calculate the principal and interest payment schedule for the first 3 months.

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Pmt Beginning Balance Payment Interest Principal Ending Balance

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