# Finance

posted by
**Adam**
.

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?

posted by
**Adam**
.

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?