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You borrowed $3000 at 9% per annum calculated on the unpaid monthly balance and agreed to repay the principal together with interest in monthly payments

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You borrowed $3000 at 9% per annum calculated on the unpaid monthly balance and agreed to repay the principal together with interest in monthly payments of $500 each. Construct a complete repayment schedule. Complete the repayment schedule below. (Round to two decimal places as needed.) Payment number Balance before payment Amount paid Interest paid Principal repaid Balance after payment $3000 0 1 2 O000 D000 DOOD 3 4 5 6 7 Totals (Round to two decimal places as needed.)

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