Question
c-15 need help with all 13 parts please q6 Letter of credit or line of credit.As We Go Bank offers its customers a line-of-credit loan
c-15 need help with all 13 parts please
q6 Letter of credit or line of credit.As We Go Bank offers its customers a line-of-credit loan in which each month's outstanding balance has an interest charge at 11.1% APR. For the loans in the popup window, LOADING...all with a $100,000 credit line, what are the required monthly interest payments and the total interest paid for the year?
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| Month | Outstanding Balance Loan A | Outstanding Balance Loan B | Outstanding Balance Loan C | Outstanding Balance Loan D |
| January | $22,194 | $68,574 | $0 | $54,037 |
| February | $31,843 | $82,939 | $0 | $0 |
| March | $16,057 | $96,453 | $0 | $40,400 |
| April | $24,343 | $45,766 | $98,694 | $0 |
| May | $31,351 | $13,621 | $92,244 | $79,649 |
| June | $48,298 | $0 | $95,285 | $0 |
| July | $37,336 | $0 | $60,060 | $66,265 |
| August | $28,929 | $0 | $54,261 | $0 |
| September | $23,757 | $22,702 | $36,572 | $48,740 |
| October | $24,983 | $36,067 | $22,667 | $0 |
| November | $27,887 | $48,216 | $0 | $46,438 |
| December | $18,551 | $55,830 | $0 | $0 |
pop-up content ends
(Round to the nearest cent.)
| Month | Interest Loan A | Interest Loan B | Interest Loan C | Interest Loan D |
| January | $enter your response here | $enter your response here | $enter your response here | $enter your response here |
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