Question: 15. Complete the equal payments three-year amortization table. Beginning Interest Year Principal Payment Expense 1 $6,000.00 $480.000 2 $2,328.20 3 $2,155.74 Principal Reduction Ending Principal

15. Complete the equal payments three-year amortization table. Beginning Interest Year

15. Complete the equal payments three-year amortization table. Beginning Interest Year Principal Payment Expense 1 $6,000.00 $480.000 2 $2,328.20 3 $2,155.74 Principal Reduction Ending Principal $4,151.80 $1,996.06 What is total interest expenses paid for 3 years in the nearest dollars)? 1 9955 $6,000 OO $6,984 4 $1,020 $ $985

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