Question: Use the design shown in Figure 8.7 to construct a complete repayment schedule, including the totaling of the Amount Paid, Interest Paid, and Principal Repaid

Use the design shown in Figure 8.7 to construct a complete repayment schedule, including the totaling of the “Amount Paid,” “Interest Paid,” and “Principal Repaid” columns, for a loan of $4000 repaid in monthly installments of $750 each including interest of 6.5% per annum calculated on the unpaid balance.

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