1. Jasmine has a $20,000 personal line of credit at prime plus 2% with CIBC. Her minimum end-of- month payment is the greater of $100 or 3% of the combined principal and accrued interest. After her payment on April 30, her balance was $3,046.33. On May 23, she used her income tax refund to make a principal payment of $1,000. On July 17, she took a $7,000 advance to buy a car. The prime rate began at 6%, rose 0.25% on June 25 and jumped another 0.25% on July 18. Prepare a loan repayment schedule showing details of payment on May 31, June _3__0 and July 31. Suggested loan repayment schedule: Date #of days Interest Interest Accrued Payment Principal Balance Rate Interest (advance) Portion Hint (for the 1". month (May) calculations): Date # of days Interest Interest Accrued Payment Principal Balance Rate Interest (advance) Portion Apr-3O - - $3,046. 33 May-23 22 8.00% $14. 69 14.69 $1,000.00 1,000.00 2,046. 33 May-31 9 8.00% $4.04 I 18.73 100. 00 81.27 1,965.06