will bought a $550 rocking chalr . The terms of her revolving charge are 2% on the unpaid balance from the previous month. If she pays $100 per month, complete a schedule for the first 3 months like Table 14,3, Be sure to use the U.S. Rule. (Round your final answers to the nearest cent.) Outstanding balance duo 2.0% Interest payment Amount of Reduction in Outstanding monthly payment balance due balance due Monthly payment number 1 2 3 TABLE 14.3 Schedule of payments Monthly payment number Outstanding balance due $8,000.00 Amount of monthly payment $500.00 Reduction in balance due $7.620.00 14% Interest payment $120.00 (015 $8,000 OD $114.30 (015X 57.620.00 510851 2015X 57.23430 $500.00 5380.00 (5500.00 - $120.00) $385 70 $500.00 - 511430) $39.49 550000 - 5108.51) Outstanding balance due $7.620.00 ($8,000.00 - $380.00 $7294 30 (57.620.00 - $385.70) 56.84281 (57.23.6 30 - $39149) 57 23430 $500.00