Question: Monica bought a $1250 stereo system for 20% down and payments of $200 per month (except for a smaller final payment) including interest at 15%

Monica bought a $1250 stereo system for 20% down and payments of $200 per month (except for a smaller final payment) including interest at 15% compounded monthly. Construct the full amortization schedule for the debt. Calculate the total interest paid.

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