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You make monthly payments on your car loan. It has a quoted APR of 5.0% (monthly compounding). What percentage of the outstanding principal do you

You make monthly payments on your car loan. It has a quoted APR of 5.0% (monthly compounding). What percentage of the outstanding principal do you pay in interest each month? (Note: Be careful not to round any intermediate steps less than six decimal places.)

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Problem 5-11 (bookmatch) 8 Question Help 0 You make monthly payments on your car loan. It has a quoted APR of 5.0% (monthly compounding). What percentage of the outstanding principal do you pay in interest each month? (Note: Be careful not to round any intermediate steps less than six decimal places.) The percentage of the outstanding principal you pay in interest each month is [%. (Round to six decimal places.)

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