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Please show work Extra Credit (.5 Point) 2. Elise and Joe Farmalot made their annual tractor loan payment to First National Bank on 10/31/10. The

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Extra Credit (.5 Point) 2. Elise and Joe Farmalot made their annual tractor loan payment to First National Bank on 10/31/10. The principal balance of the loan after the payment was $22,500. The interest rate on the loan is currently 8%. Estimate the accrued interest balance for this loan on 12/31/10 assuming compounded monthly. $301 Show how you would get $301 as the

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