Question: Given the following partial loan amortization table (for a level pay loan), how much of the 5th payment goes to paying interest? Amortizaton Table Outstanding

Given the following partial loan amortization table (for a level pay

Given the following partial loan amortization table (for a level pay loan), how much of the 5th payment goes to paying interest? Amortizaton Table Outstanding Balance Time Payment Interest Principal Reduction 0 1 2 $51.48 $568.10 $2,373.57 3 4. 5 6 $0.00 a. $21.13 b. $16.97 C. $10.66 d. $19.42 e. $31.42 Certainty : C=1 (Unsure: 67%) C=3 (Quite sure: >80%)

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