3 Avera the Account On the last Account 10 Doints balance outstanding $ 60,000 120.00 70,000 20. 50, 220.000 30.000 300.000 10.000 9.000 210.000 0.000 43 te 52 42 54 16 Sapped 33 14 as Capital Financial Corporation will lend 90 percent against account balances that have averaged 30 days or less, 80 percent for account balances between 31 and 40 days and 70 percent for account balances between 41 and 45 days. Customers that take over 45 days to pay their bills are not considered acceptable accounts for a loan The current prime rate is 8.50 percent, and Capital charges 3.50 percent over prime to Charming as its annual loan rate a. Determine the maximum loon for which Charming Paper Company could qually Mammum an amount b. Determine how much one month's interest expense would be on the loon balance determined in parta (Do not round intermediate 3 Avera the Account On the last Account 10 Doints balance outstanding $ 60,000 120.00 70,000 20. 50, 220.000 30.000 300.000 10.000 9.000 210.000 0.000 43 te 52 42 54 16 Sapped 33 14 as Capital Financial Corporation will lend 90 percent against account balances that have averaged 30 days or less, 80 percent for account balances between 31 and 40 days and 70 percent for account balances between 41 and 45 days. Customers that take over 45 days to pay their bills are not considered acceptable accounts for a loan The current prime rate is 8.50 percent, and Capital charges 3.50 percent over prime to Charming as its annual loan rate a. Determine the maximum loon for which Charming Paper Company could qually Mammum an amount b. Determine how much one month's interest expense would be on the loon balance determined in parta (Do not round intermediate