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You are told that a note has repayment terms of $5,500 per year for 5 years, with a stated interest rate of 4%. How much

You are told that a note has repayment terms of $5,500 per year 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?(For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answers to 2 decimal places, e.g. 5,275.25.)

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