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Mathematics, 02.08.2019 20:30 20eppsj

Suppose you borrow $40,000 at 13% apr for a 12-year term to be paid monthly. your monthly payment is $450.00. how much of your first payment goes toward interest? & how much of this payment goes toward principal?

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Suppose you borrow $40,000 at 13% apr for a 12-year term to be paid monthly. your monthly payment is...
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