Carla borrowed $1,310 from the Royal Bank at 7.9% per annum calculated on the monthly unpaid balance. She agreed to repay the loan in blended payments of $200 per month. Construct a complete repayment...


Carla borrowed $1,310 from the Royal Bank at 7.9% per annum calculated on the monthly unpaid balance. She agreed to repay the loan<br>in blended payments of $200 per month. Construct a complete repayment schedule treating each month as 1/12 of a year.<br>Do not include the dollar sign in your answers.<br>Do not include the comma usually used to denote thousands.<br>Calculate the sum of the Amount Paid column.<br>Calculate the sum of the Interest Paid column.<br>

Extracted text: Carla borrowed $1,310 from the Royal Bank at 7.9% per annum calculated on the monthly unpaid balance. She agreed to repay the loan in blended payments of $200 per month. Construct a complete repayment schedule treating each month as 1/12 of a year. Do not include the dollar sign in your answers. Do not include the comma usually used to denote thousands. Calculate the sum of the Amount Paid column. Calculate the sum of the Interest Paid column.

Jun 01, 2022
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