Question: Using the amortization table below, how much total interest has been paid after payment 20 ? Loan Amount Interest Rate (annual) Term (Years) Monthly Payment

Using the amortization table below, how much total interest has been paid after payment 20 ?

Loan Amount Interest Rate (annual) Term (Years) Monthly Payment Amortization Schedule Calculator

$17,500.00 8.25% 5 $356.93 Month Payment Principal Interest Total Interest Balance $17,500.00

Loan Amount Interest Rate (annual) Term (Years) Monthly Payment Amortization Schedule Calculator $17,500.00 8.25% 5 $356.93 Month Payment Principal Interest Total Interest Balance $17,500.00 1 $356.93 $236.62 $120.31 $120.31 $17,263.38 2 $356.93 $238.25 $118.69 $239.00 $17,025.13 3 $356.93 $239.89 $117.05 $356.05 $16,785.24 4 $356.93 $241.54 $115.40 $471.44 $16,543.71 5 $356.93 $243.20 $113.74 $585.18 $16,300.51 6 $356.93 $244.87 $112.07 $697.25 $16,055.64 7 $356.93 $246.55 $110.38 $807.63 $15,809.09 8 $356.93 $248.25 $108.69 $916.32 $15,560.84 9 $356.93 $249.95 $106.98 $1,023.30 $15,310.89 10 $356.93 $251.67 $105.26 $1,128.56 $15,059.22 11 $356.93 $253.40 $103.53 $1,232.09 $14,805.82 12 $356.93 $255.14 $101.79 $1,333.88 $14,550.67 13 $356.93 $256.90 $100.04 $1,433.92 $14,293.77 14 $356.93 $258.66 $98.27 $1,532.19 $14,035.11

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