Use an amortization table to solve the problem. Round to the nearest cent. A 7000 debt is to be amortized in 15 equal payments of XXXXXXXXXXat 1% interest per month on the unpaid balance. What is the...

Use an amortization table to solve the problem. Round to the nearest cent.

A 7000 debt is to be amortized in 15 equal payments of 504.87 at 1% interest per month on the unpaid balance. What is the unpaid balance after the second payment? Show your table belove include columns for each of the following

Loan Balance Payment Interest amount  amount principle decrease new balance