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A debt of $14,400 with interest at 7% compounded semi-annually is repaid by payments of $2,100 made at the end of every 3 months. Construct
A debt of $14,400 with interest at 7% compounded semi-annually is repaid by payments of $2,100 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.) Payment Number Amount Paid 0 Interest Paid Principal Repaid Outstanding Principal Balance $14,400 1 $2,100 $ $ 2 $2,100 $ $ $ 3 $2,100 $ $ 4 $2,100 $ $ $ 5 $2,100 $ $ $ $ $ $ $2,100 co $ $ $ 7 $2,100 $ $0 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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