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On June 15, Julio borrowed 51,010 00 from Sheridan Credit Union at 68% per annum calculated on the daily balance He gave the credit union
On June 15, Julio borrowed 51,010 00 from Sheridan Credit Union at 68% 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 Princip Repard Complete the ropayment schedule below (Round to the nearest cont as needed) Payment Number Balance Before Payment Amount Paid Interest Paid Principal Repaid Balance Atter Payment 0 June 15 51010.00 1 July 15 51,010 00 $160.00 Homework: CH 8 Question 5, Review Exer... HW Score: 73.33%, 11 of 15 points Save O Points: 0 of 1 On June 1, 2017, a four-month promissory note for $1850 with interest at 5% was issued Compute the proconds of the note on August 23, 2017 t money s worth 6.5% Ignoto any grace period The proceeds are $ (Round to the nearest cent as needed)
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