Your answer is partially correct. You are told that a note has repayment terms of $ 1,200 per quarter 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, eg. 5,275.25.) Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Total payment for principal $ Total interest $ Determine if the total interest will be higher or lower than with an annual payment. The total interest will be lower than with an annual payment