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Your answer is partially correct. Try again. Aerotron Electronics has just bought a used delivery truck for $15,000. The small business paid $1,000 down and

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Your answer is partially correct. Try again. Aerotron Electronics has just bought a used delivery truck for $15,000. The small business paid $1,000 down and financed the rest, with the agreement to nothing for the entire first year and then to pay $526.83 at the end of each month over years 2, 3, and 4 (frst payment is in 1.3th month). a. What nominal interest rate is Aerotron paying on the loan? 12.224 b. What effective interest rate are they paying? 12.9326 Round your answer to 4 decimal places for a and b. The tolerance is +/-o.000s c. How much of the 14th month's payment is interest? How much is principal? payment interest 527, and principal s d. How much of the 18th month's payment is interest? How much is principal? and principal payment interest - e. How much of the 22nd month's payment is interest? How much is principal? payment interest - Round your answers to the nearest whole dollar for c-e. The tolerance is +/- s 401 126, and principal s

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