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Complete the amoritzation table. Year 1 2 3 4 Totals Beg. Balance 5,000.00 3890.40 2692.03 1397.79 Total Payment 1509.60 1509.60 1509.60 1509.60 6038.40 Interest paid

Complete the amoritzation table.
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Year 1 2 3 4 Totals Beg. Balance 5,000.00 3890.40 2692.03 1397.79 Total Payment 1509.60 1509.60 1509.60 1509.60 6038.40 Interest paid 400.00 311.23 215.36 111.82 1038.41 Principal paid 1109.60 1198.37 1294.24 1397.78 4999.99 End. Balance 3890.40 2692.03 1397.79 0.01

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