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.

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Part 1

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
0					$3000
1
2
3
4