Show Attempt History Current Attempt in Progress On January 1, 2024, Ivanhoe Corp. borrows $9,600 by signing a 3-year, 3% note payable. The note is repayable in three annual fixed principal payments on December 31 of each year. (a) Your answer is correct. Calculate the annual principal payment. Annual principal payment $ 3200 (b) Your answer is partially correct. Prepare an instalment payment schedule for the note. Cash payment 3200 Interest Expense Reduction of Principal 288 200.64 3200 2912 2999.36 SA Principal Balance 9600 6688 3688.64 3200 110.65 3089.34 599.29 Question Part Score (c) The parts of this question must be completed in order. This part will be available when you complete the part above. Question Part Score (d) The parts of this question must be completed in order. This part will be available when you complete the part above. Question Part Score --/2 0.46/3 --/5