You have just taken out a $20,000 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 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 I will go toward the interest. (Round to the nearest cent) 3=S 533.49 (S) W Falet Enter your answer in each of the answer boxes Desktop du ENG 8/4/2020 o G