Question: i need answer asap Question 1 (3 points) You have just taken out a $22,000 car loan at 6% APR, compounded monthly. The loan is
i need answer asap
Question 1 (3 points) You have just taken out a $22,000 car loan at 6% APR, compounded monthly. The loan is for five years. Type how you solved each of the following questions along with your answer. A. How much do you expect payment to be each month? B. How much of the first payment will go toward the principal of the loan and how much will go toward interest? C. How much do you expect to pay in total interest over the life of the loan? Blank # 1 Blank # 2 Blank # 3 A/
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