Monica bought a $1,250 laptop computer 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 Monica bought a $1,250 laptop computer 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.

Monica Bought a $1,250 Laptop Computer for 20% Down, with the Balance