How much interest will you pay in the third year

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Reference no: EM132023152

You take out a $35,000 loan to buy a car. The loan is a 5 year loan with monthly payments and a 3.3% APR.

Your monthly payment is $633.58 How much interest will you pay in the third year? (please explain how to find principal/remaining balance etc)

Reference no: EM132023152

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