Question: i need help with this question please. please make sure answer is correct and answers are labled. also please dont use excel to answer this

i need help with this question please. please make sure answer is correct and answers are labled. also please dont use excel to answer this question as the perivous person did it on excel and it was wrong. thanks

Blake purchased a machine for $26,500 for his company. He paid 5.00% of this amount as a down payment and financed the rest at 6.12% compounded monthly. He paid $1,125 at the end of every month to settle the loan. a. What was the principal portion of payment number 4 ? Round to the nearest cent b. What was the interest portion of payment number 4 ? Round to the nearest cent

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