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A debt of $13,600 with interest at 7% compounded semi-annually is repaid by payments of $2,000 made at the end of every 3 months. Construct
A debt of $13,600 with interest at 7% compounded semi-annually is repaid by payments of $2,000 made at the end of every 3 months. Construct an amortization schedule showing the total paid and the total cost of the debt. Complete the amorization schedule. (Round to the nearest cent as needed.) Interest Pald Outstanding Principal Balance Principal Repaid Amount Paid Payment Number $13,600 0 SU 1 $2,000 $ $ $2,000 2 $ $ 3 $2,000 $ $ $2,000 $ $ $ $ $2.000 5 $ $ s $2,000 6 $ $ 7 $2,000 $0 $ $ $ 8 4 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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