Question 14 Jason borrows $20,000 at an effective annual rate of 13.00% and promises to pay it back over 11 quarters with equal quarterly installments. Out of the sixth repayment (i.e. the repayment at t=6), how many dollars of the repayment go toward paying the interest portion and how many dollars go toward paying the principal portion? a. $307.98 interest; $1,865.87 principal b. $385.98 interest; $1,787.87 principal c. $323.88 interest; $1,867.71 principal d. $364.13 interest; $1,809.72 principal e. $382.67 interest; $1,808.92 principal