Question: JU, 13.01 UI 20 Pub P 5-13 (book/static) Question Help You make monthly payments on your car loan It has a quoted APR of 50%

JU, 13.01 UI 20 Pub P 5-13 (book/static) Question Help You make monthly payments on your car loan It has a quoted APR of 50% (monthly compounding). What percentage of the outstanding principal do you pay in interest each month (Note: Be careful not to round any intermediate steps loss than six decimal places) The percentage of the outstanding principal you pay in interest each month is % (Round to six decimal places.)

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