Question: ( 4 ) Decrease in Carrying Value ( 3 ) Interest Expense Carrying Value ( 1 ) Date ( 2 ) Cash PaldInterest Rate (

(4) Decrease in Carrying Value(3) Interest Expense Carrying Value(1)Date(2) Cash PaldInterest Rate(2)-(0)11/1/202411/30/2024$1,128.11$240.00$888.1112/31/20241,128.11234,08834.0310/31/20271,128.117.471,120.64(5) Carrying Value Prior Carrying Value(4) $36,000.0035,111.8934,217.86e1. What is the principal amount of the note?2. What is the total number of monthly payments?3. What is the total cash paid over the entire period of the note? (Round your answer to 2 decimal places.)4. What is the total amount of interest paid over the entire period of the note? (Do not round your intermediate calculations. Roundyour answer to 2 decimal places.)5. The portion of the monthly payment that reduces the carrying value (increases/decreases) over time.1. Principal amount2. Total number of monthly payments3. Total cash paid4. Total amount of interest paid15. The portion of the monthly payment that reduces the carrying value (increases decreases) over time

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