Question: if someone can just explain this not do the compraison. *18. Consider the loan from the previous question: a 60-month, $20,000 car loan with a
*18. Consider the loan from the previous question: a 60-month, $20,000 car loan with a 6% APR, compounded monthly. Assume that right after you make your 50th payment, the balance on the loan is $3,762.32. How much of your next payment goes toward principal and how much goes toward interest? Compare this with your answer in the last question what is happening
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