Question: You get a 3 year fully amortizing car loan with monthly payments. The loan is for $362,397 and carries a 4% annual percentage rate (APR

You get a 3 year fully amortizing car loan with monthly payments. The loan is for $362,397 and carries a 4% annual percentage rate (APR quote with monthly compounding). What is the amount of the payment applied to principle reduction on your first car payment

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