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Everlyne has a personal LOC with her bank with a maximum credit limit of $ 8 , 0 0 0 . 0 0 . The

Everlyne has a personal LOC with her bank with a maximum credit limit of $8,000.00. The interest rate is prime plus 1.25%, and the current prime rate is 3%. Regardless of any account transaction activity, her bank requires on the first of every month for her to pay "the greater of 5% of the current balance or $100" from her checking account. She is allowed to exceed her maximum credit limit, but if she does the entire balance is subject to 23% interest until such time as the balance is restored below the credit limit. On October 1, the opening balance on her LOC was $3,000.00. She took advances of $3,000.00,$3,700.00, and $3,300.00 on October 22, November 15, and December 1, respectively. She made payments of $3,000.00,$3,200.00, and $3,800.00 on November 1, November 21, and December 12, respectively. The prime rate decreased by 0.75% on November 5.
Complete the repayment schedule below by filling in the interest charges for October, November, and December.
\table[[Date,\table[[Balance],[before],[Transaction]],\table[[Annual],[Interest],[Rate]],\table[[Number],[of Days]],\table[[Interest],[Charged]],\table[[Accrued],[Interest]],\table[[Payment],[(+) or],[Advance],[(-)
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