You are told that a note has repayment terms of $1,700 per quarter for 6 years, with a stated interest rate of 8%. How much of the total payment is for principat, and how much is for interest? Calculate using (a) financial calculator or (b) Excel function PV. (Round answers to 2 decimal places, es. 5,275.25, Determine if the total interest will be higher or lower than with an annual payment. The total interest will be than with an anoual payment