Question
Monica bought a $1600 4K Ultra HD TV for 10% down, with the balance to be paid with interest at 15% compounded monthly in six
Monica bought a $1600 4K Ultra HD TV for 10% down, with the balance to be paid with interest at 15% compounded monthly in six equal monthly payments. Construct the full amortization schedule for the debt. Calculate the total interest paid. (Do not round intermediate calculations. Round your answersto 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required.)
Payment number
Payment
Interest portion
Principal portion
Principal balance $1440.00
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
