On January 1, Matthew borrows $6300 with a fixed interest rate on the loan of 10%...

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On January 1, Matthew borrows $6300 with a fixed interest rateon the loan of 10% and a loan term of 2 years. He will be makingmonthly payments of $290.71. How much of Matthew’s fifth loanpayment would be interest charged?(Round answers to 2decimal places, e.g. 52.75.)
$44.46
$42.41
$46.49
$48.51

On January 1, Steven borrows $5700 with a fixed interest rate onthe loan of 10% and a loan term of 2 years. He will be makingmonthly payments of $263.03. How much of Steven’s fifth loanpayment would be principal?(Round answers to 2 decimalplaces, e.g. 52.75.)
$222.80
$217.33
$219.14
$220.96

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Interest charged on fifth loan payment Monthly Loan Amortization Schedule Month Beginning Amount Total Payment Interest Payment at 08333 Principal See Answer

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On January 1, Matthew borrows $6300 with a fixed interest rateon the loan of 10% and a loan term of 2 years. He will be makingmonthly payments of $290.71. How much of Matthew’s fifth loanpayment would be interest charged?(Round answers to 2decimal places, e.g. 52.75.)$44.46$42.41$46.49$48.51On January 1, Steven borrows $5700 with a fixed interest rate onthe loan of 10% and a loan term of 2 years. He will be makingmonthly payments of $263.03. How much of Steven’s fifth loanpayment would be principal?(Round answers to 2 decimalplaces, e.g. 52.75.)$222.80$217.33$219.14$220.96