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On January 1, Matthew borrows $6300 with a fixed interest rate on the loan of 10% and a loan term of 2 years. He will

On January 1, Matthew borrows $6300 with a fixed interest rate on the loan of 10% and a loan term of 2 years. He will be making monthly payments of $290.71. How much of Matthews fifth loan payment would be interest charged?(Round answers to 2 decimal places, e.g. 52.75.)

$44.46

$42.41

$46.49

$48.51

On January 1, Steven borrows $5700 with a fixed interest rate on the loan of 10% and a loan term of 2 years. He will be making monthly payments of $263.03. How much of Stevens fifth loan payment would be principal?(Round answers to 2 decimal places, e.g. 52.75.)

$222.80

$217.33

$219.14

$220.96

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