Campus Flights takes out a bank loan in the amount of $$177,151$ on March $1.$ The terms of the loan include a repayment of principal in $10$ equal installments, paid annually from March $1.$ The annual interest rate on the loan is $9\%,$ recognized at the end of the $10$ equal installments.

Compute the interest recognized in year $1$ rounded to the whole dollar.

Question $2$

$1$ pts

Campus Flights takes out a bank loan in the amount of $$389,608$ on March $1.$ The terms of the loan include a repayment of principal in $7$ equal installments, paid annually from March $1.$ The annual interest rate on the loan is $13\%,$ recognized in year $1.$

Compute the principal due in year $1$ rounded to the whole dollar.