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Every time I have asked a question here recently the answer has been wrong. If you can't do thet, please don't answer . Suppose your

Every time I have asked a question here recently the answer has been wrong. If you can't do thet, please don't answer. image text in transcribed
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Suppose your business has secured a line of credit and receives the accompanying statement of account for the month of March. The limit on your line of credit is $1000.00. You receive daily interest of 1.7% p.a. on positive balances and pay daily interest of 6% p.a. on negative (line of credit) balances. Overdraft interest is 19% p.a. on the daily amount exceeding your line of credit limit. There is a service charge of $5.00 for each transaction causing an overdraft or adding to an overdraft. Use this information to complete parts (a) through (e) below. Click the icon to view the statement for the month of March. (a) Calculate the amount of interest earned. Total interest earned =$ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Suppose your business has secured a line of credit and receives the accompanying of March. The limit on your line of credit is $1000.00. You receive daily interest of 1.7 March Statement

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