You have just taken out a $$27,000$ car loan with a $4\%$ 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 careful not to round any intermediate steps less than six decimal places.$)$

When you make your first payment, $$$ will go toward the principal of the loan and $$$ will go toward the interest. $($Round to the nearest cent$)$ You have just taken out a $$27,000$ car loan with a $4\%$ 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 careful not to round any intermediate steps less than six decimal places.$)$

When you make your first payment, $$$ will go toward the principal of the loan and $$$ will go toward the interest. $($Round to the nearest cent$)$