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Required information

Problem $9-1$A $($Algo$)$ Record and analyze installment notes $($LO$9-2)$

$[$The following information applies to the questions displayed below.$]$

On January $1,2024,$ Howell Enterprises purchases a building for $$151,000,$ paying $$41,000$ down and borrowing the remaining $$110,000,$ signing a $7\%,10-$year mortgage. Installment payments of $$1,277\mathrm{.}19$ are due at the end of each month, with the first payment due on January $31,2024.$

Problem $9-1$A $($Algo$)$ Part $4$

$4.$ Total payments over the $10$ years are monthly payments$).$ How much of this is interest expense and how much is actual payment of the loan?$($Round your final answers to the nearest whole dollar amount.$)$

$\backslash$table$[[$Interest expense$],[$Actual payments on the loan$]]$