Question
On February 9, 2021, Manuel borrowed $810 from his uncle at 5.44% per annum calculated in the daily balance. He gave his uncle seven cheques
On February 9, 2021, Manuel borrowed $810 from his uncle at 5.44% per annum calculated in the daily balance. He gave his uncle seven cheques for $110 dated on the 9th of each of the next seven months starting March 9 and a cheque dated September 9 for the remaining balance to cover payment of interest and repayment of principal. Construct a complete repayment schedule using the days of the month appropriate for each month. Do not include the dollar sign in your answers. Calculate the sum of the Amount Paid column. Calculate the sum of the Interest Paid column. min Drwe Formu Fa View Fower Pyet Sch en Fin
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