A loan is repaid with 10 annual payments of 1295.05 with the first payment one year after the loan is issued. The loan rate is an annual effective rate of 5%. The interest portion of the n-th payment is 328.67. Determine n. Joe negotiates an 8-year loan which requires him to pay $1200 per month for the first 4 years and $1500 per month for the remaining years. The interest rate is 13%, convertible monthly and the first payment is due in one month. Determine the amount of principal in the 17th payment. A loan is repaid with 10 annual payments of 1295.05 with the first payment one year after the loan is issued. The loan rate is an annual effective rate of 5%. The interest portion of the n-th payment is 328.67. Determine n. Joe negotiates an 8-year loan which requires him to pay $1200 per month for the first 4 years and $1500 per month for the remaining years. The interest rate is 13%, convertible monthly and the first payment is due in one month. Determine the amount of principal in the 17th payment