The following table shows a portion of a three-year amortization schedule.
3 Year Amortization Schedule
Loan Amount or Principal $ 11.940.00
Interest Rate on Loan
7.45%
Extra Payment to Principal
Month Payment Principal Interest Balance
371.13 S 327 92 43.21S 6.632.16
371.13 S 329 96 S 41.17 S 6.302 20
371.13 S
332 01S 39 13 S 5.970 19
20 S 371 13
334 07 S 37.06 5 5 636.12
21 $ 371.13 S. 336.14
34.99S 5.299.98
22 $ 371,13 S 338 23S 32.90S 4 961.75
23 S 371.13 $ 340.33 S 30.80 S 4 621 42
24 S 371 13 S 342 44 S 28 69S 4278 98
25 S 371.13S 344 57 S 26 57 $ 3.934 41
After two years, how much has been paid into interest?