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Problem 6-4 Calculating Instalment Loan Payments, Interest, and Principal (LO2] UT 5 a. If Dave had borrowed $360 for one year at an APR of 5 percent, compounded monthly, what would have been his monthly loan payment? Use Exhibit 1B-4 (Do not round your intermediate calculations. Round your final answer to 2 decimal places. Omit the "$" sign in your response.) 6 points PMT $ Skipped 6. What would have been the breakdown between interest and principal of the fifth payment? Use Exhibit 18-4. (Do not round your intermediate calculations. Round your final answers to 2 decimal places. Omit the "$" sign in your response.) References Interest Principal