You have just taken out an installment loan for
0,000. Assume that the loan will be repaid in 12
equal monthly installments of ,456 and that the
first payment will be due one month from today.
How much of your third monthly payment will go
toward the repayment of principal?
a.,757.22 b. ,359.12
c. ,212.50 d. ,925.88
e.,333.33
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