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You have taken out a loan for $17,750 at 6.58 compounded monthly to buy a car. You arrange to have the loan paid off in

You have taken out a loan for $17,750 at 6.58 compounded monthly to buy a car. You arrange to have the loan paid off in 4 years What is the required payment? What will be the balance on your loan after the first payment is made? How much of your first Payment will go toward principal reduction

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