You have just purchased a car and taken out a $44,000 loan. The loan has...
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You have just purchased a car and taken out a $44,000 loan. The loan has a five-year term with monthly payments and an APR of 5.7%. 1) How much will you pay in interest, and how much will you pay in principal, during the first month? ? 2) How much will you pay in interest, and how much will you pay in principal, during the first year? dit +
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