Assignment 5 Close Date: Sun, Oct 23, 2022, 11:59 PM Question 4 of 8 Falco Inc. financed the purchase of a machine with a loan at 3.95% compounded monthly. This loan will be settled by making payments of $7,900 at the end of every month for 9 years. a. What was the principal balance of the loan? OCT 11 Round to the nearest cent b. What was the total amount of interest charged? SAVE PROGRESS 0 ->> SUBMIT