Mathematics, 20.06.2021 06:00 zuleidysnegron
Rounding in the calculation of monthly interest rates is discouraged. Such rounding can lead to answers different from those presented here. For long-term loans, the differences may be pronounced.
Assume that you take out a $2000 loan for 30 months at 8% APR. How much of the first month's payment is interest? (Round your answer to the nearest cent.)
$
Answers: 1
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