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b. SportZ has secured a line of credit with the Bank of Alberta. The following transactions were made for the last month. The account receives
b. SportZ has secured a line of credit with the Bank of Alberta. The following transactions were made for the last month. The account receives daily interest of 1.5% p.a. on positive balances and pays daily interest of 8% p.a. on negative balances. The limit on the line of credit is $10000. Overdraft interest of 19% p.a. is charged on the daily amount exceeding the line of credit limit. For each transaction causing an overdraft or adding to an overdraft, a service charge of $10 is applied. Calculate the interest, overdraft interest, service charges, and the month-end balance for the line of credit. \begin{tabular}{|c|c|c|c|c|} \hline Date & Transaction Description & Deposit & Withdrawal & Balance \\ \hline March 1 & Balance & & & -4000.00 \\ \hline 5 & Cheque 437 & & 2185.00 & -6185.00 \\ \hline 7 & Cheque 438 & & 421.00 & -6606.00 \\ \hline 12 & Deposit & 6000.00 & & -606.00 \\ \hline 15 & Cheque 439 & & 5128.00 & 5734,00 \\ \hline 21 & Cheque 440 & & 6133.00 & -11867.00 \\ \hline 23 & Deposit & 2000.00 & & -9867.00 \\ \hline \end{tabular} \begin{tabular}{l|l|l|l|l} \hline 21 & Cheque 440 & & 6133.00 & -11867.00 \\ \hline 23 & Deposit & 2000.00 & & -9867.00 \\ \hline 27 & Deposit & 5000.00 & & \\ \hline 31 & Interest charged & & & \\ \hline & Overdraft interest & & & \\ & Service charge & & & \\ \hline \end{tabular}
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