the answers are not $2,488.20 and $247,511.80

Instaliment Notes ABC bank loans $250,000 to Yossarian to purchase a new home. Yossarian will repay the note in equal monthly payments over a period of 30 years. The interest rate is 12% Required: If the monthly payment is $2,571.53, how much of the first payment is interest expense and how much is principal repayment? (Note: Round to the nearest cent.) a. Interest expense: 2,488.20 X Accounting numeric field b. Principal repaymen 247,511. X