(Solved): A company currently owes $30,000 to a bank for a loan it took 4 years and 7 months ago. The interes ...

A company currently owes

to a bank for a loan it took 4 years and 7 months ago. The interest rate charged on the loan was

compounded monthly. a. What was the original principal of the loan? Round to the nearest cent b. What was the amount of interest charged on the loan? Round to the nearest cent