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You have taken out a 60-month, $20,000 car loan with an APR of 4%, compounded monthly. The monthly payment on the loan is $368.33. Assume

You have taken out a 60-month, $20,000 car loan with an APR of 4%, compounded monthly. The monthly payment on the loan is $368.33. Assume that night after you make your 50th payment, the balance of the loan is $3.616.66 . How much of your next payment goes toward principal and how much goes toward interest? Compare this with the prinicipal and interest paid in the first month's payment.
Problem- The amount that goes toward interest is $*blank*. please round to the nearesr cent

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