A3+ has prepared its 3rd quarter budget and provided the following data. The cash balance on June 30 is projected to be $4,000. The company has to maintain a minimum cash balance of $5,000 and is authorized at the end of each month to make up any shortfalls. It may borrow in increments of $5,000 and has to pay interest every month at an annual rate of 5%. All financing transactions are assumed to take place at the end of the month. The loan balances should be repaid in increments of $5,000, whenever there is surplus cash. Calculate the final cash balance at the end of August taking into consideration all the financing transaction. $6,958 $5,254 $7,100 $4,320 A3+ has prepared its 3rd quarter budget and provided the following data. The cash balance on June 30 is projected to be $4,000. The company has to maintain a minimum cash balance of $5,000 and is authorized at the end of each month to make up any shortfalls. It may borrow in increments of $5,000 and has to pay interest every month at an annual rate of 5%. All financing transactions are assumed to take place at the end of the month. The loan balances should be repaid in increments of $5,000, whenever there is surplus cash. Calculate the amount of principal repayment at the end of September. $5,000 $10,000 $15,000 $20,000