Consider the following loan. Complete parts (a)-(c) below.

An individual borrowed

$89,000

at an APR of

4%,

which will be paid off with monthly payments of

$507

for

22

years.

a. Identify the amount borrowed, the annual interest rate, the number of payments per year, the loan term, and the payment amount.

The amount borrowed is

$8900089000,

the annual interest rate is

44%,

the number of payments per year is

1212,

the loan term is

2222

years, and the payment amount is

$507507.

b. How many total payments does the loan require? What is the total amount paid over the full term of the loan?

There are

264264

payments toward the loan and the total amount paid is

$133,848133,848.

c. Of the total amount paid, what percentage is paid toward the principal and what percentage is paid for interest?

The percentage paid toward the principal is

nothing%

and the percentage paid for interest is

nothing%.

(Round to the nearest tenth as needed.)

i just need help with problem c