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On June 8 , Manuel borrowed $610.00 from his uncle at 5.1% per annum calculated on the daily balance. He gave his uncle six cheques

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On June 8 , Manuel borrowed $610.00 from his uncle at 5.1% per annum calculated on the daily balance. He gave his uncle six cheques for $90.00 dated the 8th of each of the next six months starting July 8 and a cheque dated January 8 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.)

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