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You have just taken out a $19,000 car loan with a 5% APR, compounded monthly. The loan is for five years. When you make your

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You have just taken out a $19,000 car loan with a 5% APR, compounded monthly. The loan is for five years. When you make your first payment in one month, how much of the payment will go toward the principal of the loan and how much will go toward interest? (Note: Be care not to round any intermediate stopu doan than nor decimal pincet) When you make your first payment, $ will go toward the principal of the low and will go toward the interest. (Round to the nearest certy

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