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A debt of $13,500 with interest at 5% compounded semi-annually is repaid by payments of $1,950 made at the end of every 3 months. Construct

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A debt of $13,500 with interest at 5% compounded semi-annually is repaid by payments of $1,950 made at the end of every 3 months. Construct an amortization schedule showing the total paid and the total cost of the debt. Interest Paid Principal Repaid Complete the amorization schedule. (Round to the nearest cent as needed.) Payment Number Amount Paid 0 Outstanding Principal Balance $13,500 $1,950 1 2 $1,950 S $1,950 3 S 4 $1,950 SI $1,950 5 $ $ 6 $1,950 S 7 $1,950 so DO $o 8 The total paid is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) The total interest is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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