You are told that a note has repayment terms of $1,500 per quarter for 5 years, with a stated interest rate of 4%. How much of the total payment is for principal, and how much is for interest? Calculate using (a) financial calculator or (b) Excel function PV. (Round answers to 2 decimal places, e.g. 5,275.25.) Total payment for principal $ Total interest $ Determine if the total interest will be higher or lower than with an annual payment. The total interest will be than with an annual payment