8 Part 4 of 4 oints Required information [The following information applies to the questions displayed below] On January 1, 2024, Birmingham Enterprises purchases a building for $338,000, paying $58,000 down and borrowing the remaining $280,000, signing a 9%, 10-year mortgage. Installment payments of $3,546.92 are due at the end of each month, with the first payment due on January 31, 2024. 4. Total payments over the 10 years are $425,630 ($3,546.92 x 120 monthly payments). How much of this is interest expense and how much is actual payment of the loan? (Round your final answers to the nearest whole dollar amount.) 4 X Answer is complete but not entirely correct. $ 145,630 $ 134,370 x Interest expense Actual payments on the loan

Required information The following information applies to the questions displayed below? On January 1, 2024, Barmingham Enterprises purchases a buliding for $338,000, paying $58,000 down and borrowing the remaining $280,000. signing o 9%, 10 year mortgoge. Installment payments of $3.54692 are due ot the end of each month with the first payment die on January 31,2024. 4. Total poyments over the 10 years are $425,630 (\$3,546 92120 monthly poyments). How much of this is imterest expense and how moch is actual payment of the loan? (Round your final answers to the neorest whole dollar amount.)