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You get a 72 month loan. The interest rate is 6.0% APR and the loan is for $20,000. How much interest and principal will you
You get a 72 month loan. The interest rate is 6.0% APR and the loan is for $20,000. How much interest and principal will you pay the first month of the loan? How much interest and principal will you pay during the first year? Solve without Excel using financial calculator or formulas.
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