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You are told that a note has repayment terms of $500 per quarter for 4...

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Accounting

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You are told that a note has repayment terms of $500 per quarter for 4 years, with a stated interest rate of 4%. Howmuch of the total payment is for principal, and how much is for interest? Calculate using (a) financialcalculator or (b) Excel function PV. (Round answers to 2 decimal places, es, 5,275.25J Tetal pilyment for principal Total interest 5 Determine if the total interest will bet higher or lower than with an anmal payment: The total interest will be than with an annelpl pyment

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