have just taken out an amortized loan for $520,000. Assume that the loan will be paid in 72 equal monthly installments of $10,493.50 and that the first payment will be due 1 month from today. How much of your monthly payment will go toward the repayment of principal? Fill in the value for the 'Principal Repayment' month 3 in the worksheet below. Round your answer to two decimal places. An endowed faculty chair is created when a benefactor makes a donation of sufficient size that earnings from the donation pay the salary and benefits of a professor forever. How much would have to be donated to endow a chair in your name if the salary and benefits were $84,000 and the interest rate was 6% ? Assume that the first salary (with benefits) is paid in one year's time. (Round your answer to the nearest dollar.)