Using the Loan Amortization Chart Follow the instructions in the NET @ssets box at the beginning of Section 14.1 for accessing and using the Loan Amortization Chart in this student textbook's Online Learning Centre. Use this chart and its associated report to solve:
a) Monica bought a $1250 stereo system for 20% down, with the balance to be paid with interest at 15%compounded monthly in six equal monthly payments. Construct the full amortization schedule for the debt. Calculate the total interest paid.

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The Answer of Using the Loan Amortization Chart Follow the instructions in the NET @ssets box at the beginning of Section 14.1 for accessing and using the Loan Amortization Chart in this student textbook's Online Learning Centre. Use this chart and its associated report to solve:
a) Monica bought a $1250 stereo system for 20% down, with the balance to be paid with interest at 15%compounded monthly in six equal monthly payments. Construct the full amortization schedule for the debt. Calculate the total interest paid.

Using the Loan Amortization Chart Follow the Instructions in the NET