Question: Pretty sure this is wrong please help Blended payments on a $2047.00 loan were $419.00 per month. Interest was charged at 8% per annum calculated

Pretty sure this is wrong please help

Pretty sure this is wrong please help Blended payments on a $2047.00

Blended payments on a $2047.00 loan were $419.00 per month. Interest was charged at 8% per annum calculated on the monthly unpaid balance. Construct a complete repayment schedule for the loan including totals for Amount Paid, Interest Paid, and Principal Repaid. Complete the repayment schedule below. (Round to the nearest cent as needed.) Payment Number Balance Before Payment Amount Paid Interest Paid Principal Repaid Balance After Payment $2047.00 - $2047.00 $419.00 $ $ 2 $ 1628.00 $419.00 $ $ $ 3 $ 1209.00 $419.00 $ $ $ 4 $ 790.00 $419.00 $ $ $ 5 $ 371.00 $ 419.00 EA $ $0.00 Totals: $ 2,095.00 $ $

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