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you have just taken out a $25,000 car loan with a 4% APR compounded monthly the loan is for 5 years when you make your
you have just taken out a $25,000 car loan with a 4% APR compounded monthly the loan is for 5 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?
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