On February 8, Manuel borrowed $700 from his uncle at 6% per annum calculated on the daily balance. He gave his uncle seven cheques for $100 dated the 8th of each of the next seven months starting March 8 and a cheque dated September 8 for the remaining balance to cover payment of interest and repayment of principal.
Use the design shown in Figure to construct a complete repayment schedule including the totaling of the Amount Paid, Interest Paid, and Principal Repaid columns for each of the following loans.
Basic Design of a loan repayment schedule

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Payment Number Balance Before Payment AmountPaid Paid Interest PrincipalBalance After Repaid