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Monica bought a $1500 stereo system for 20% down and payments of $240 per month (except for a smaller final payment) including interest at 14%

Monica bought a $1500 stereo system for 20% down and payments of $240 per month (except for a smaller final payment) including interest at 14% 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

--

--

--

$1200.00

1

$ $ $

2

3

4

5

6

Total interest $

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