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Campus Foghts takes out a bonk loan in the amount of $300,000 on March 1. The ternis of the Joan include a icpoyment of principal

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Campus Foghts takes out a bonk loan in the amount of $300,000 on March 1. The ternis of the Joan include a icpoyment of principal in ten equal inatalkents, patid annually frem! March 1. The annual interest rate on the loan is 12 percent, recognized an Decenber 31 . A. Compute the interest, recognized as of December 31 in vear. 1 n. Computo the princpal due in vear 1 x

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