saved Help Sav Problem 6-4 Calculating Instalment Loan Payments, Interest, and Principal [LO2] a. If Dave had borrowed $280 for one year at an APR of 6 percent, compounded monthly, what would have been las monthly loan payment? Use Exhibit 1B-4. (Do not round your intermediate calculations. Round your final answer to 2 decimal places. Omit the "S" sign in your response.) PMT b. What would have been the breakdown between interest and principal of the fifth payment? Use Exhibit 18.4. (Do not round your Intermediate calculations. Round your final answers to 2 decimal places. Omit the "$" sign in your response.) Interest Principal