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Amount borrowed Annual Rate Years until paid off 100,240 14.4% 3 Note: please find the monthly payment that will result in a zero ending balance

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Amount borrowed Annual Rate Years until paid off 100,240 14.4% 3 Note: please find the monthly payment that will result in a zero ending balance on the last month. Create an amortization chart. 1. Please look at your "Month 28" row. What is interest charged that month? A Between 100 and 280 B Between 280 and 310 C Between 310 and 340 D Between 340 and 400 2. After you've paid off your debt, how much interest have you been charged? A Between 15,000 and 20,000 B Between 20,000 and 22,000 C Between 22,000 and 24,000 D Between 24,000 and 30,000

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