Checked Amortization 5 6 Amount borrowed 97,070 7 Annual Rate 14.3% 8 Years until paid off 3 9 10 Note: please find the monthly payment that will result 11 in a zero ending balance on the last month. 12 13 Create an amortization chart. 14 15 1. Please look at your "Month 28" row. What is interest charged 16 that month? 17 A Between 100 and 280 18 B Between 280 and 310 19 C Between 310 and 340 20 D Between 340 and 400 21 22 NNNN 25 26 2. After you've paid off your debt, how much interest have you 27 been charged 28 A Between 15,000 and 20.000 29 B Between 20,000 and 22.000 30 C Between 22,000 and 24.000 31 D Between 24,000 and 30,000 32 33 34