On January 1, 2021, Stoops Entertainment purchases a building for $550,000, paying $110,000 down and borrowing the remaining $440,000, signing a 9%, 15-year mortgage. Installment payments of $4,462.77 are due at the end of each month, with the first payment due on January 31, 2021.   4. Total payments over the 15 years are $803,299 ($4,462.77 × 180 monthly payments). How much of this is interest expense and how much is actual payment of the loan?     Interest expense   Actual payments on the loan

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