Question: View Policies Current Attempt in Progress You are told that a note has repayment terms of $5,500 per year for 4 years, with a stated

View Policies Current Attempt in Progress You are told that a

View Policies Current Attempt in Progress You are told that a note has repayment terms of $5,500 per year for 4 years, with a stated interest rate of 4%. How much of the total payment is for principal, and how much is for interest? Calculate using (a) financial calculator or (b) Excel function PV. (Round answers to 2 decimal places, e.g. 5,275.25.) Total payment for principal $ Total interest eTextbook and Media Save for Later Attempts: 0 of 2 used Submit

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