Question 5 1 pts For questions 1 - 6: Foxtrot Corporation is purchasing a new Ford Transit delivery van for $24,600. Its lender requires a maximum loan to value ratio of 80% on the purchase price of the vehicle. The term of the loan is 5 years. The interest rate is 5% APR. The loan is a closed end credit loan. There is no trade-in. Sales tax is 7%. Documentation fee is $275. 5. What will be the total amount of interest paid on this loan? $1,230.00 $984.00 $2,391.63 O $2,603.40 Question 6 1 pts For questions 1 - 6: Foxtrot Corporation is purchasing a new Ford Transit delivery van for $24,600. Its lender requires a maximum loan to value ratio of 80% on the purchase price of the vehicle. The term of the loan is 5 years. The interest rate is 5% APR. The loan is a closed end credit loan. There is no trade-in. Sales tax is 7%. Documentation fee is $275. 6. How much of the first monthly payment will be interest and how much of the last monthly payment will be interest? $82.00 and $1.54 $75.22 and $7.04 $43.39 and $43.39 $87.99 and $0.00