On may 15, Julio borrowed $1,020.00 from Sheridan Credit Union at 7.8% 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 June15 and a cheque dated december15 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.

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