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A $7,550.00 demand loan was taken out on March 4 at a fixed interest rate of 7.81% with fixed monthly payments of $1,180.00. The first
A $7,550.00 demand loan was taken out on March 4 at a fixed interest rate of 7.81% with fixed monthly payments of $1,180.00. The first monthly payment is due April 4 and the 4 th of every month thereafter. Prepare a full repayment schedule for the loan. (Round all monetary values to the nearest penny.) (Use a minus sign before the dollar sign to denote a negative monetary value. For example, "-\$149. 63".) (Give all "Number of Days" quantities as fractions with denominator 365 .)
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