You have just bought a car with a loan of $25,000 that has a 7.0...
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You have just bought a car with a loan of $25,000 that has a 7.0 percent interest rate. You will pay the loan back over 5 years with monthly payments. When you make the second payment on the loan (the second month after you borrowed the money), what percentage of the payment will go toward paying principal? (Round each amount to the nearest dollar. Use 6 decimal places for the monthly interest rate.) A. 32 percent B. 71 percent C. 66 percent D. 34 percent E. 29 percent E D A B
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