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On June 15, Julio borrowed $1,010.00 from Sheridan Credit Union at 6.7% per annum calculated on the daily balance. He gave the credit union
On June 15, Julio borrowed $1,010.00 from Sheridan Credit Union at 6.7% per annum calculated on the daily balance. He gave the credit union six cheques for $160.00 dated the 15th of each of the next six months starting July 15 and a cheque dated January 15 for the remaining balance to cover payment of interest and repayment of principal. Construct a complete repayment schedule for the loan including totals for Amount Paid, Interest Paid, and Principal Repaid. Complete the repayment schedule below. (Round to the nearest cent as needed.) Payment Number 0 June 15 Balance Before Payment Amount Paid Interest Paid Principal Repaid Balance After Payment $1,010.00 1 July 15 $1,010.00 $160.00 $ %2$ 2 Aug. 15 $ $160.00 2$ $ 2$ 3 Sept. 15 $160.00 2$ 4 Oct. 15 $160.00 5 Nov. 15 $1 $160.00 $ 6 Dec. 15 $1 $160.00 $1 $ 7 Jan. 15 $1 $4 $ $0.00 Totals: $ $4
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