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Can you please show me how they got these 2 answers to these probems step by step. I will be using a finance calculator our

Can you please show me how they got these 2 answers to these probems step by step. I will be using a finance calculatorimage text in transcribed

our company has just taken out a 1-year installment loan for $100,000 Monthly payments on the loan will be $8,978, due at the end of each month What percentage of the 3rd monthly payment will go toward the repayment of principal? a. b. c. d. 91.70% 94.81% 86.79% 88.54% Mark4 Your company has just taken out a 12-month 1oan for $100,000. Monthly payments on the loan will be $8,978, due at the end of each month. How much will go toward the repayment of principal in the 5th payment? a. 8088.93 b. 7995.75 c. 8183.20 d. 60015.87 e. 8278.57

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