Question: need the answer for number 4 please!!! Daniela Nanz obtained a $2,500 loan at 12.5% to buy furniture for her apartment. The monthly payment is
Daniela Nanz obtained a $2,500 loan at 12.5% to buy furniture for her apartment. The monthly payment is $118.23. What is the amount of the a) interest for the first payment, b) payment to principal, and c) new principal? (3 points)
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