Answer: Total Payment is $17,207.32
Step-by-step explanation: 1 $16,000.00 $38.67 $248.12 $15,751.88 $38.67 $286.79
2 $15,751.88 $38.07 $248.72 $15,503.16 $76.73 $573.58
3 $15,503.16 $37.47 $249.32 $15,253.83 $114.20 $860.37
4 $15,253.83 $36.86 $249.93 $15,003.91 $151.06 $1,147.15
5 $15,003.91 $36.26 $250.53 $14,753.38 $187.32 $1,433.94
6 $14,753.38 $35.65 $251.13 $14,502.25 $222.98 $1,720.73
7 $14,502.25 $35.05 $251.74 $14,250.50 $258.02 $2,007.52
8 $14,250.50 $34.44 $252.35 $13,998.15 $292.46 $2,294.31
9 $13,998.15 $33.83 $252.96 $13,745.19 $326.29 $2,581.10
10 $13,745.19 $33.22 $253.57 $13,491.62 $359.51 $2,867.89
11 $13,491.62 $32.60 $254.18 $13,237.44 $392.11 $3,154.67
12 $13,237.44 $31.99 $254.80 $12,982.64 $424.10 $3,441.46
13 $12,982.64 $31.37 $255.41 $12,727.23 $455.48 $3,728.25
14 $12,727.23 $30.76 $256.03 $12,471.20 $486.24 $4,015.04
15 $12,471.20 $30.14 $256.65 $12,214.55 $516.37 $4,301.83
16 $12,214.55 $29.52 $257.27 $11,957.28 $545.89 $4,588.62
17 $11,957.28 $28.90 $257.89 $11,699.38 $574.79 $4,875.41
18 $11,699.38 $28.27 $258.52 $11,440.87 $603.06 $5,162.19
19 $11,440.87 $27.65 $259.14 $11,181.73 $630.71 $5,448.98
20 $11,181.73 $27.02 $259.77 $10,921.96 $657.73 $5,735.77
21 $10,921.96 $26.39 $260.39 $10,661.57 $684.13 $6,022.56
22 $10,661.57 $25.77 $261.02 $10,400.55 $709.90 $6,309.35
23 $10,400.55 $25.13 $261.65 $10,138.89 $735.03 $6,596.14
24 $10,138.89 $24.50 $262.29 $9,876.61 $759.53 $6,882.93
25 $9,876.61 $23.87 $262.92 $9,613.69 $783.40 $7,169.71
26 $9,613.69 $23.23 $263.56 $9,350.13 $806.63 $7,456.50
27 $9,350.13 $22.60 $264.19 $9,085.94 $829.23 $7,743.29
28 $9,085.94 $21.96 $264.83 $8,821.11 $851.19 $8,030.08
29 $8,821.11 $21.32 $265.47 $8,555.64 $872.51 $8,316.87
30 $8,555.64 $20.68 $266.11 $8,289.52 $893.18 $8,603.66
31 $8,289.52 $20.03 $266.76 $8,022.77 $913.21 $8,890.45
32 $8,022.77 $19.39 $267.40 $7,755.37 $932.60 $9,177.23
33 $7,755.37 $18.74 $268.05 $7,487.32 $951.34 $9,464.02
34 $7,487.32 $18.09 $268.69 $7,218.63 $969.44 $9,750.81
35 $7,218.63 $17.45 $269.34 $6,949.28 $986.88 $10,037.60
36 $6,949.28 $16.79 $269.99 $6,679.29 $1,003.68 $10,324.39
37 $6,679.29 $16.14 $270.65 $6,408.64 $1,019.82 $10,611.18
38 $6,408.64 $15.49 $271.30 $6,137.34 $1,035.31 $10,897.97
39 $6,137.34 $14.83 $271.96 $5,865.38 $1,050.14 $11,184.75
40 $5,865.38 $14.17 $272.61 $5,592.77 $1,064.31 $11,471.54
41 $5,592.77 $13.52 $273.27 $5,319.50 $1,077.83 $11,758.33
42 $5,319.50 $12.86 $273.93 $5,045.56 $1,090.69 $12,045.12
43 $5,045.56 $12.19 $274.60 $4,770.97 $1,102.88 $12,331.91
44 $4,770.97 $11.53 $275.26 $4,495.71 $1,114.41 $12,618.70
45 $4,495.71 $10.86 $275.92 $4,219.79 $1,125.27 $12,905.49
46 $4,219.79 $10.20 $276.59 $3,943.20 $1,135.47 $13,192.28
47 $3,943.20 $9.53 $277.26 $3,665.94 $1,145.00 $13,479.06
48 $3,665.94 $8.86 $277.93 $3,388.01 $1,153.86 $13,765.85
49 $3,388.01 $8.19 $278.60 $3,109.41 $1,162.05 $14,052.64
50 $3,109.41 $7.51 $279.27 $2,830.13 $1,169.56 $14,339.43
51 $2,830.13 $6.84 $279.95 $2,550.18 $1,176.40 $14,626.22
52 $2,550.18 $6.16 $280.63 $2,269.56 $1,182.56 $14,913.01
53 $2,269.56 $5.48 $281.30 $1,988.25 $1,188.05 $15,199.80
54 $1,988.25 $4.80 $281.98 $1,706.27 $1,192.85 $15,486.58
55 $1,706.27 $4.12 $282.67 $1,423.61 $1,196.98 $15,773.37
56 $1,423.61 $3.44 $283.35 $1,140.26 $1,200.42 $16,060.16
57 $1,140.26 $2.76 $284.03 $856.22 $1,203.17 $16,346.95
58 $856.22 $2.07 $284.72 $571.50 $1,205.24 $16,633.74
59 $571.50 $1.38 $285.41 $286.10 $1,206.62 $16,920.53
60 $286.10 $0.69 $286.10 $0.00 $1,207.32 $17,207.32