Question: 15. Complete the equal-payments three-year amortization table. Beginning Interest Year Principal Payment Expense 1 $6,000.00 $480.00 2 $2,328.20 3 $2,155.74 Principal Reduction Ending Principal $4,151.80

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

15. Complete the equal-payments three-year amortization table. Beginning Interest Year Principal Payment Expense 1 $6,000.00 $480.00 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)? 15955 2 $6,000 3 56,984 O $1,020 5 $985

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