4-6. Suppose that, in Plan 1 of Table 4-1, $8,500 of the original unpaid balance is to be repaid at the end of months two and four only. How much total interest would have been paid by the end of month four? (4,4) TABLE 4-1 Three Plans for Repayment of $17,000 in Four Months with Interest at 1% per Month (6) B)+(5) Total End-of-Month Payment (Cash Flow) (4)- 2)+(3 ) Total Money Owed at End of Month (1) (2) Amount Owed (3) 1% x (2) Interest Accrued (5 at Beginning of Month Principal Payment for Month Plan 1: Pay interest due at end of each month and principal at end of fourth month $170 170 170 170 Month $17,000 17,000 17,000 17,000 68,000 S-mo $17,170 17,170 17,170 17,170 $170 170 170 17,170 1 2 3 0 17,000 $680 (total interest) 4-6. Suppose that, in Plan 1 of Table 4-1, $8,500 of the original unpaid balance is to be repaid at the end of months two and four only. How much total interest would have been paid by the end of month four? (4,4) TABLE 4-1 Three Plans for Repayment of $17,000 in Four Months with Interest at 1% per Month (6) B)+(5) Total End-of-Month Payment (Cash Flow) (4)- 2)+(3 ) Total Money Owed at End of Month (1) (2) Amount Owed (3) 1% x (2) Interest Accrued (5 at Beginning of Month Principal Payment for Month Plan 1: Pay interest due at end of each month and principal at end of fourth month $170 170 170 170 Month $17,000 17,000 17,000 17,000 68,000 S-mo $17,170 17,170 17,170 17,170 $170 170 170 17,170 1 2 3 0 17,000 $680 (total interest)