You are told that a note has repayment terms of $1,100 per quarter for 5 years, with a stated interest rate of 8%. How much of the total payment is for principal, and how much is for interest? (For calwlation purposes, use 5 decimal places as displayed in the factortable provided. Round nal answers to 2 decimal places, as. 5,275.25.) Click here to Viewthe factor table PRESENT VALUE OF 1. Click here to yiewthe factor table PRESENT VALUE OF AN ANNUITY OF 1. Total payment for principal 55 19850.11 Total interest $ 2149.89 Determine if the total interest will be higher or lower than with an annual payment. The total interest will be m than with an annual payment