Big Printing Inc. is repaying a loan of $37 300.00 by making payments of $2300.00 at the end of ...

p = 0.88%
Loan Amortization Schedule (done in Excel):
   Amount Paid   Interest Paid   Principal Repaid   Outstanding Principal Balance
0            $37,300.00
1   $2,300.00   $327.33   $1,972.67   $35,327.33
2   $2,300.00   $310.02   $1,989.98   $33,337.34
3   $2,300.00   $292.55   $2,007.45   $31,329.90
4   $2,300.00   $274.94   $2,025.06   $29,304.83
5   $2,300.00   $257.17   $2,042.83   $27,262.00
6   $2,300.00   $239.24   $2,060.76   $25,201.24
7   $2,300.00   $221.15   $2,078.85   $23,122.39
8   $2,300.00   $202.91   $2,097.09   $21,025.31
9   $2,300.00   $184.51   $2,115.49   $18,909.81
10   $2,300.00   $165.94   $2,134.06   $16,775.76
11   $2,300.00   $147.22   $2,152.78   $14,622.97
12   $2,300.00   $128.32   $2,171.68   $12,451.30
13   $2,300.00   $109.27   $2,190.73   $10,260.57
14   $2,300.00   $90.04   $2,209.96   $8,050.61
15   $2,300.00   $70.65   $2,229.35   $5,821.26
16   $2,300.00   $51.08   $2,248.92   $3,572.34
17   $2,300.00   $31.35   $2,268.65   $1,303.69
18   $1,315.13   $11.44   $1,303.69   $0.00

Total Interest paid = $3115.13
Total cost of the loan = $37300+$3115.13 = $40 415.13

Correct, thank you