What percentage of the 2nd monthly payment will go toward
Your company has just taken out a 1-year installment loan for $72,500. The nominal rate is 12.0%, but with equal end-of-month payments. What percentage of the 2nd monthly payment will go toward the repayment of principal? please explain your work
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your company has just taken out a 1-year installment loan for 72500 the nominal rate is 120 but with equal end-of-month
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