Required information [The following information applies to the questions displayed below] On January 1, 2021, Gundy Enterprises purchases an office building for $338,000, paying $58,000 down and borrowing the remaining $280,000, signing a 9%, 10- year mortgage. Installment payments of $3,546.92 are due at the end of each month, with the first payment due on January 31, 2021. Part 2 of 2 1 points 01:59:08 4. Total payments over the 10 years are $425,630 ($3,546.92 x 120 monthly payments). How much of this is interest expense and how much is actual payment of the loan? Skipped Interest expense Ask Actual payments on the loan Print