Question: Consider the following loan amortization table. Payment # 1 Payment Interest $396.51 $189.37 Debt Payment $207.14 Balance $87,192.86 A. What was the original principal? (Round

Consider the following loan amortization table. Payment # 1 Payment Interest $396.51 $189.37 Debt Payment $207.14 Balance $87,192.86 A. What was the original principal? (Round your answer to the nearest dollar) B. What is the interest rate? (Give your answer as a percent rounded to the nearest hundredth)

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