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On January 1, Kenneth borrows $5600 with a fixed interest rate on the loan of 10% and a loan term of 2 years. He will

On January 1, Kenneth borrows $5600 with a fixed interest rate on the loan of 10% and a loan term of 2 years. He will be making monthly payments of $258.41. How much of Kenneths fifth loan payment would be principal? (Round answers to 2 decimal places, e.g. 52.75.)

$217.08

$213.51

$215.29

$218.89

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