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Use the amortization table to determine how much interest is paid in the first 4 months of the loan. Click the icon to view the
Use the amortization table to determine how much interest is paid in the first 4 months of the loan. Click the icon to view the amortization table. i Amortization Table X (Type an integer or a decimal) Amount of Payment Interest for Period Payment Number 0 1 2 3 4 5 6 7 8 9 10 11 12 $310.97 $310.97 $310.97 $310.97 $310.97 $310.97 $310.97 $310.97 $310.97 $310.97 $310.97 $310.97 $35.00 $32.24 $29.45 $26.64 $23.79 $20.92 $18.02 $15.09 $12.13 $9.15 $6.13 $3.08 Portion to Principal at Principal End of Period $3500.00 $275.97 $3224.03 $278.73 $2945.30 $281.52 $2663.78 $284.33 $2379.45 $287.18 $2092.27 $290.05 $1802.22 $292.95 $1509.27 $295.88 $1213.39 $298.84 $914.55 $301.82 $612.73 $304.84 $307.89 $307.89 $0.00 Enter your answer in the answer box
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