Question: 15. Principal Reduction 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 Ending Principal $4,151.80

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

15. Principal Reduction 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 Ending Principal $4,151.80 $1,936.00 What is total interest expenses paid for 3 years (in the nearest dollars)? 5955 $6,000 56,984 $1,020 $985

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