Solve the problem. Round to the nearest cent.Monica financed a flat screen television for $1,512.70 at an APR of 3% paying $86.05 monthly over 18 months. Create an amortization schedule for the first 3 payments.
What will be an ideal response?
| Payment Number | Total Payment | Interest Portion | Principal Portion | Balance | Interest Rate |
| 0 | ? | ? | ? | $1,512.70 | 3.00% |
| 1 | $86.05 | $3.78 | $82.27 | $1,430.43 | ? |
| 2 | $86.05 | $3.58 | $82.47 | $1,347.96 | ? |
| 3 | $86.05 | $3.37 | $82.68 | $1,265.28 | ? |
Mathematics
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?
What will be an ideal response?
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Mathematics