Question
Monica bought a $1,350 4K Ultra HD TV 20% down and payments of $216 per month (except for a smaller final payment) including interest at
Monica bought a $1,350 4K Ultra HD TV 20% down and payments of $216 per month (except for a smaller final payment) including interest at 15% compounded monthly. Construct the full amortization schedule for the debt. Calculate the total interest paid. (Do not round intermediate calculations. Round your answers to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required.)
| Payment number | Payment $ | Interest portion $ | Principal portion $ | Principal balance $ | ||||
| 0 | -- | -- | -- | 1,080.00 | ||||
| 1 | ||||||||
| 2 | ||||||||
| 3 | ||||||||
| 4 | ||||||||
| 5 | ||||||||
| 6 | ||||||||
Total interest $
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Intermediate Accounting
Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones
11th edition
978-0538467087, 9781111781262, 538467088, 1111781265, 978-0324659139
