Question: Use the amortization schedule shown below for a 5 year loan to calculate the total interest paid over the life of the loan. Do not

Use the amortization schedule shown below for a 5 year loan to calculate the total interest paid over the life of the loan. Do not include a dollar sign in your answer. Month 0 1 2 3 4 5 6 7 8 9 10 Principal Paid $0.00 $266.86 $268.14 $269.43 $270.72 $272.02 $273.32 $274.63 $275.95 $277.27 $278.60 Interest Paid $0.00 $88.65 $87.37 $86.08 $84.79 $83.49 $82.19 $80.88 $79.57 $78.24 $76.91 Loan Balance $18,500.00 $18,233.14 $17,964.99 $17,695.56 $17,424.85 $17,152.83 $16,879.51 $16,604.88 $16,328.94 $16,051.67 $15,773.07

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