Question: Construct the amortization schedule for a $14,000.00 debt that is to be amortized in 12 equal semiannual payments at 5.5% interest per half-year on the

 Construct the amortization schedule for a $14,000.00 debt that is tobe amortized in 12 equal semiannual payments at 5.5% interest per half-year

Construct the amortization schedule for a $14,000.00 debt that is to be amortized in 12 equal semiannual payments at 5.5% interest per half-year on the unpaid balance. Fill out the amortization schedule below. Round all values to the nearest cent. Payment Number Payment Interest Unpaid Balance Reduction Unpaid Balance 0 1 $ $ 2 $ $ $ A sailboat costs $20,113. You pay 20% down and amortize the rest with equal monthly payments over a 8-year period. If you must pay 8.1% compounded monthly, what is your monthly payment? How much interest will you pay? Monthly payments: $ (Round to two decimal places.) Interest: $(Round to two decimal places.)

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