8 The following information will be used for Questions 7 - 10. Use Excel to solve the problem. Assume a note is signed (loan is taken out) on January 1, 2022 for $45,000 at a 5.25% interest rate with sixty monthly payments beginning February 1, 2022. Determine the amount of the principal payment on August 2024. NOTE: Show your answers with dollar signs and commas but no cents. Example: $1,111 Selected Answer: $753 Question 9 The following information will be used for Questions 7 - 10. Use Excel to solve the problem. Assume a note is signed (loan is taken out) on January 1, 2022 for $45,000 at a 5.25% interest rate with sixty monthly payments beginning February 1, 2022. Determine the total amount of the principal paid for the year 2025. NOTE: Show your answers with dollar signs and commas but no cents. Example: $1,111 Selected Answer: $9,458