Posted by
**Adam** on
.

A guy buys a car for $29,000 and finances it with a four year, 7% APR with monthly payments and compounding. How much of his third payment goes toward repaying principal?

Thursday

March 30, 2017
Posted by
**Adam** on
.

A guy buys a car for $29,000 and finances it with a four year, 7% APR with monthly payments and compounding. How much of his third payment goes toward repaying principal?

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