You borrowed $200,000 exactly 5 years ago. The loan is structured as an amortized loan. The interest rate is 3% and you make quarterly (end-of-quarter) payments of $2,850.03. The loan is amortized over 25 years. How much principal have you paid over the first 5 years? How much principal have you paid over the first 5 years? (Round to the nearest dollar.) You are considering the purchase of a BMW M5. You will borrow the money from BMW Financial Services. The terms of the deal are outlined below: BMW M5 RWD, 500hp, 0-100 in 4.7s MSRP = $105,000 Term = 36 months APR = 6.5% Down Payment = $0 Monthly Payments = $3,218.15 The amortized loan payments are a blend of interest and principal. What is the total amount of interest you would pay over the life of the loan? Assume that taxes are zero. What is the total amount of interest you would pay over the life of the loan? (Round to the nearest dollar.) $