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You have just taken out a $28,000 car loan with a 8% APR, compounded monthly. The loan is for five yearn. When you make your

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You have just taken out a $28,000 car loan with a 8% APR, compounded monthly. The loan is for five yearn. When you make your first payment in one month, how much of ithe When you make your first payment? Will go toward the principel of the loan and? wal go loward the interest. (Round to the nearent cont)

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