Monica bought a $1,850 4K Ultra HD TV 20% down and payments of $296 per month (except for a smaller final payment) includinginterest at 16% compounded monthly. Construct the full amortization schedule for the debt. Calculate the total interest paid. (Do notround Intermedlate calculations. Round your answers to 2 declmal places. Leave no cells blank - be certaln to enter "O" whereverrequlred.)PaymentnumberInterestPrincipalportion $Principalbalance $Рауment $:冒三美portion $296.00296.001,480.001203.73923.78640.1019.732.16.0512328.53296.00296.00296.006215eBook4.352.634.7061.340.82PrintTotal interest246215McGrawHill< Prev2 of 9 Next >XINWTcornect

Given, Monica bought a $1850 4K Ultra HD TV .Down payment = 20100 x 1850 =$370Mortgare Amount =…

Monica bought a $1,850 4K Ultra HD TV 20% down and payments of $296 per month (except for a smaller final payment) including interest at 16% compounded monthly. Construct the full amortization schedule for the debt. Calculate the total interest paid. (Do not round Intermedlate calculatlons. Round your answers to 2 decimal places. Leave no cells blank - be certaln to enter "O" wherev requlred.) Payment number Interest Principal portion $ Principal balance $ Payment $ portion $ 1,480.00 1203.73 296.00 296.00 296.00 19.73 16.05 2 923.78 640.10 35263 61.34 3. 12.32 8.53 470 0.82 4. 296.00 296.00 6215 6. Total interest 6215 %24

Monica bought a $1,850 4K Ultra HD TV 20% down and payments of $296 per month (except for a smaller final payment) including interest at 16% compounded monthly. Construct the full amortization schedule for the debt. Calculate the total interest paid. (Do not round Intermedlate calculatlons. Round your answers to 2 decimal places. Leave no cells blank - be certaln to enter "O" wherev requlred.) Payment number Interest Principal portion $ Principal balance $ Payment $ portion $ 1,480.00 1203.73 296.00 296.00 296.00 19.73 16.05 2 923.78 640.10 35263 61.34 3. 12.32 8.53 470 0.82 4. 296.00 296.00 6215 6. Total interest 6215 %24

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter19: Lease And Intermediate-term Financing

Section: Chapter Questions

Problem 19P

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