Question: Current Attempt in Progress Your answer is partially correct. You are told that a note has repayment terms of $1,150 per quarter for 5 years,

Current Attempt in Progress Your answer is partially correct. You are

Current Attempt in Progress Your answer is partially correct. You are told that a note has repayment terms of $1,150 per quarter for 5 years, with a stated interest rate of 12%. How much of the total payment is for principal, and how much is for interest? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answers to 2 decimal places, e.g. 5,275.25.) Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Total payment for principal $ 4145.50 Total interest $ 1604.5

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