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You make monthly payments on your car loan. It has a quoted APR of 6.1% (monthly compounding). What percentage of the outstanding principal do you

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You make monthly payments on your car loan. It has a quoted APR of 6.1% (monthly compounding). What percentage of the outstanding principal do you pay in interest each month? (Note: Be careful not to round any intermediate stops 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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