Loan payment (amortization): the beginning balance shows $2500 and interest rate is 20% with compounding daily. What is your interest payment for the first day? Round to the nearest cent

Loan payment (amortization): the beginning balance shows $2500 and interest rate is 20% with compounding daily. What is your interest payment for the first day?

Round to the nearest cent

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Loan payment (amortization): the beginning balance shows $2500 and interest rate is 20% with compounding daily. What is your interest payment for the first day? Round to the nea…

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