Payment
Number
Amount of
Payment
Portion to
Principal
for Period
Interest Principal
at End of Period
0

5668.00
1
144.73
58.48
86.25
5609.52
2
144.73
59.37
85.36
5550.15

144.73
60.28
84.45
5489.87

144.73
61.19
83.54
5428.68
5
144.73
62.12
82.61
5366.55
6
144.73
63.07
81.66
5303.49

144.73
64.03
80.70
5239.46
8
144.73
65.00
79.73
5174.45
9
144.73
65.99
78.74
5108.46
10
144.73
67.00
77.73
5041.47
11
144.73
68.02
76.71
4973.45
12
144.73
69.05
75.68
4904.40 How much interest was paid in the last four months (payments 9-12)?

The total interest paid in the last four months (payments 9-12) is **$270.06**.

Would you like more details or have any questions? Here are five related questions to explore:

1. What is the total interest paid across all periods so far?
2. How much principal has been paid off in the last four months?
3. How long will it take to pay off the remaining balance?
4. What is the total amount of payments made up to payment 12?
5. How does the interest payment change over time in this schedule?

**Tip:** Paying more toward the principal earlier in a loan can reduce the overall interest paid in the long term.

How much interest was paid in the last four months (payments 9-12)?

Calculate the total interest paid in the last four months (payments 9-12) of a loan amortization schedule. This problem involves key concepts like interest calculation and principal reduction. Learn how $270.06 was calculated as the total interest paid for payments 9-12. Suitable for students in Grades 9-12.

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