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A friend obtained a 7500 car loan from a local bank at 9

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A friend obtained a $7,500 car loan from a local bank at 9% interest. The loan requires 36 equal-sized monthly payments. The portion of the payment that goes to pay interest will

a. increase each month.

b. decrease each month.

c. stay the same each month.

d. decrease for the first 18 months and then increase during the last 18 months.

Reference no: EM13483713

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