Problem Statement: Suppose you borrow $ 2500 at 4% annual interest that you plan to repay in four equal annual payments. How much will the annual payment be? How much of each payment is interest? Solution: Include the decimal point if needed. Round to the hundredth of a decimal point. What is the 3rd interest payment and the 3rd principle payment? Pmt 3 Beg Prin $1298.99 Int Pmt $ Prin Pmt $ End Prin $662.22