Question: On May 1 5 , Julio borrowed $ 9 7 0 . 0 0 from Sheridan Credit Union at 7 . 2 % per annum

On May 15, Julio borrowed $970.00 from Sheridan Credit Union at 7.2% per annum calculated on the daily balance. He gave the credit union six cheques for $ 150.00 dated the 15th of each of the next six months starting June 15 and a cheque dated December 15 for the remaining balance to cover payment of interest and repayment of principal. Construct a complete repayment schedule for the loan including totals for Amount Paid, Interest Paid, and Principal Repaid.Question content area bottomPart 1Complete the repayment schedule below. (Round to the nearest cent as needed.)Part 2Payment NumberBalance Before PaymentAmount PaidInterest PaidPrincipal RepaidBalance After Payment0May 15$970.001June 15$970.00$150.00$5.93$144.07$825.932July 15$enter your response here$150.00$enter your response here$enter your response here$enter your response here

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