C OF The following table shows a portion of a three-year amortization schedule.
3 Year Amortization Schedule
Loan Amount or Principal S 11.940.00
Interest Rate on Loan
7.45%
Extra Payment to Principal $
Month Payment Principal Interest Balance
171 $ 371.13 S 327.92 S 43.21 S 6,632.16
18 5 371.13 S 329.96 41.17 S 6.302.20
19 $ 371.13 S 332 01 | $ 39 13 S 5.970.19
20 S
371.13 S 334.07 S 37.06S 5.636.12
21 S 371.13 S 336.14 S 34.99S 5.299.98
22 s 371.13 S 338.23S 32.90S 4.961.75
23 S
371.13 S 340.33S 30.80S 4.621.42
24 S
371.13 S 342.44S 28.69S 4.278.98
25 S 371.13 S 344.575 26.57 S 3.934 41
After two years, how much has been paid into interest?
a $4,628.14
b $1,246.10
C С
$978.96
d. $1,912.05
Hi