Question: Current Attempt in Progress ou are told that a note has repayment terms of $1.250 per quarter for & years, with a stated interest rate

Current Attempt in Progress "ou are told that a note has repayment terms of $1.250 per quarter for & years, with a stated interest rate of 8%. How much of the total payment is for principal, and how much is for interest? Calculate using (a) financial calculator or (b) Excel function PV, (Round answers to 2 decimal places, 9. 5,275.25)) Total payment for principal g Total interest g Determine if the total interest will be higher or lower than with an annual payment. The total interest will be w | thanwith an annual payment

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