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You have just taken out a $22000 car loan with a 7% APR, compounded monthly. The loan is for 5 years.When you first make your

You have just taken out a $22000 car loan with a 7% APR, compounded monthly. The loan is for 5 years.When you first make your payment in one month, how much of the payment will go toward the principal of the loan and how much will go towards the interest.

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