11. Suppose you have a line of credit and receive the accompanying statement of account for the month of July. The limit on your line of credit is $1,000.00. You receive daily interest of 1.8% p.a. on positive balances and pay daily interest of 7% p.a. on negative (line of credit) balances. Overdraft interest is 19% p.a. on the daily amount exceeding your line of credit limit. There is a service charge of $5.00 for each transaction causing an overdraft or adding to an overdraft. Use this information to complete parts (a) through (e) below. 20 Click the icon to view the statement for the month of July. (a) Calculate the amount of interest earned. Total interest earned = $_ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) Calculate the amount of interest charged on the line of credit. Total line of credit interest charged = $_ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (c) Calculate the amount of interest charged on overdrafts. Overdraft interest - $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (d) Calculate the amount of service charge. Service charge = $_ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (e) What is the account balance on July 31? The account balance on July 31 is dollars (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) 2: July Statement Transaction Deposit Withdrawal Balance Date Description July 2 Balance - 561.26 8 Deposit 525.00 - 36.26 12 Cheque 233 311.00 - 347.26 18 Cheque 234 816.00 - 1163 26 Cheque 235 573.00 - 1736.26 Deposit 1915.00 178.74 22 26 31