answer rate questions in percentage form. round 2 decimal places.

Suppose you borrowed $30,000 on a student loan at a rate of 8% and must repay it in three equal installments at the end of each of the next 3 years. How much of the first payment would represent interest? Question 8 1 pts Suppose you borrowed $30,000 on a student loan at a rate of 8% and must repay it in three equal installments at the end of each of the next 3 years. How much of the first payment would represent principal