Question: You are told that a note has repayment terms of $4,000 per year for five years, with a stated interest rate of 4%. How much

You are told that a note has repayment terms of $4,000 per year for five years, with a stated interest rate of 4%. How much of the total payment is for principal, and how much is for interest? Show calculations using two methods (financial calculator and Excel).

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