Loans

Richard S Flores

A $$7,300\mathrm{.}00$ demand loan was taken out on March $4$ at a fixed interest rate of $7\mathrm{.}68\%$ with fixed monthly payments of $$1,160\mathrm{.}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\mathrm{.}63".)$

$($Give all "Number of Days" quantities as fractions with denominator $365.)$

$\backslash$table$[[$Date$,\backslash$table$[[$Balance$],[$before$],[$Transaction$]],\backslash$table$[[$Annual$],[$Interest$],[$Rate$]],\backslash$table$[[$Number$],[$of Days$]],\backslash$table$[[$Interest$],[$Charged$]],\backslash$table$[[$Payment$],[$Interest$],[(+)$ or$],[$Advance$],[$