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Presented below is a partial amortization schedule for a three-year instaliment note requiring monthly payments of $1,271.99. 1. What is the principal amount of the

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Presented below is a partial amortization schedule for a three-year instaliment note requiring monthly payments of $1,271.99. 1. What is the principal amount of the note? 2. What is the total number of monthly payments? 3. What is the total cash paid over the entire period of the note? (Round your answer to 2 decimal places.) 4. What is the total amount of interest paid over the entire period of the note? (Do not round your intermediate calculations. Round your answer to 2 decimal places.) 5. The portion of the monthly payment that reduces the carrying value (increases/decreases) over time

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