Monica bought a $1800 stereo system for 15% down, with the balance to be paid with...
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Monica bought a $1800 stereo system for 15% down, with the balance to be paid with interest at 16% compounded monthly in six equal monthly payments. Construct the fll amortization schedule for the debt. Calculate the total interest paid. (Do not round intermediate calculations. Round your answers to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required.) Payment number Payment Interest portion Principal portion Principal balance $1530.00 1 $ 2 4 Total interest %24 %24 %24 Monica bought a $1800 stereo system for 15% down, with the balance to be paid with interest at 16% compounded monthly in six equal monthly payments. Construct the fll amortization schedule for the debt. Calculate the total interest paid. (Do not round intermediate calculations. Round your answers to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required.) Payment number Payment Interest portion Principal portion Principal balance $1530.00 1 $ 2 4 Total interest %24 %24 %24
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Answer rating: 100% (QA)
Amount of loan a1530 16 annual rate r01612 Payment period n6 months Monthly payment1530... View the full answer
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