Consider the following loan.

An individual borrowed $79,000 at an APR of 4%, which will be paid off with monthly payments of $514 for 18 years.

Given:

Anount borrowed: $79,000

Annual interest rate: 4%

Number of payments per year: 12

Loan term: 18 years

Payment amount: $514

There are 216 payments towards the loan and the total amount paid is $111,024

Of the total amount paid, what percentage is paid toward the principal and what percentage is paid of interest? (round the the nearest tenth as needed)