In order to build a new warehouse facility, the regional distributor for Valco Multiposition Valves borrowed $1.9 million at 14% per year interest.

part 1 f the company repaid the loan in a lump sum amount after 2 years, what was the amount of the payment? (You must provide an answer before moving to the next part.)

The amount of the payment was $ 2,451,000 correct

If the company repaid the loan in a lump sum amount after 2 years, what was the amount of interest?

The amount of interest was $ 532,000 532,000 Incorrect .

Where am I going wrong. also if you take 2,451,000-1,9000,000=551,000 also incorrect