Submission]). Without your submission, your answers will not be accepted. A $130,000 loan that charges 6% interest compounded quarterly is repaid by monthly payments over 12 years. If your final answer requires a dollar sign, DO NOT include it. For example, $3,454.78 input as 3,454.78 1. Calculate the principal portion of the 49th payment? 2. Calculate the interest portion of the 55th payment? 3. How much will the principal be reduced by payments in the second year? 4. Calculate the total interest paid in the first year. A Z Z