Exotic Furnishings Ltd. has a line of credit secured by the equity in the business. The limit on the line of credit is 545,000. Exotic owed $25 269.11 on its line of credit on June 1. The line of credit agreement requires a regular payment of $200.00 on the principal plus interest (including overdraft interest) by electronic transfer after closing on the last day of each month. Overdraft interest is 16% p.a. The line of credit interest is variable. It was 7.7% on June 1, 8.75% effective August 18, and 8.25% effective November 10. (a) Calculate the interest payments on June 30, July 31. August 31, September 30, October 31, and November 30. (b) What is the account balance on November 30? Click the icon to view the transactions for the period June 1 to November 30. The amount of interest charged on September 30 is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed) The amount of interest charged on October 31 is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) The amount of interest charged on November 30 is $ (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed.) (b) The balance on November 30 is dollars. (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed.) Enter your answer in each of the answer boxes sents ork Exotic Furnishings Ltd. has a line of credit secured by the equity in the business. The limit on the line of credit is 545,000. Exotic owed 525.269.11 on its line of credit on June 1. The line of credit agreement requires a regular payment of $200.00 on the principal plus interest (including overdraft interest) by electronic transfer after closing on the last day of each month Overdraft interestis 16% pa. The line of credit interest is variable. It was 7.7% on June 1, 8.75% effective August 18, and 8.25% effective November 10 (a) Calculate the interest payments on June 30, July 31. August 31, September 30, October 31, and November 30 (b) What is the account balance on November 30? Click the icon to view the transactions for the period June 1 to November 30, Tests The amount of interest charged on September 30 is (Round the final answer to the nearest cont as needed Round all intermediate values to six decimal places as needed) The amount of Interest charged on October 31 in s (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed) The amount of interest charged on November 30 is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The balance on November 30 is dollars. (Round the final answer to the nearest cont as needed Round all intermediate values to six decimal places as needed) Enter your answer in each of the answer boxes 8:00pm Jpe here to search ofte Exotic Furnishings Ltd. has a line of credit secured by the equity in the business. The limit on the line of credit is 545,000. Exotic owed $25 269.11 on its line of credit on June 1. The line of credit agreement requires a regular payment of $200.00 on the principal plus interest (including overdraft interest) by electronic transfer after closing on the last day of each month. Overdraft interest is 16% p.a. The line of credit interest is variable. It was 7.7% on June 1, 8.75% effective August 18, and 8.25% effective November 10. (a) Calculate the interest payments on June 30, July 31. August 31, September 30, October 31, and November 30. (b) What is the account balance on November 30? Click the icon to view the transactions for the period June 1 to November 30. The amount of interest charged on September 30 is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed) The amount of interest charged on October 31 is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) The amount of interest charged on November 30 is $ (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed.) (b) The balance on November 30 is dollars. (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed.) Enter your answer in each of the answer boxes sents ork Exotic Furnishings Ltd. has a line of credit secured by the equity in the business. The limit on the line of credit is 545,000. Exotic owed 525.269.11 on its line of credit on June 1. The line of credit agreement requires a regular payment of $200.00 on the principal plus interest (including overdraft interest) by electronic transfer after closing on the last day of each month Overdraft interestis 16% pa. The line of credit interest is variable. It was 7.7% on June 1, 8.75% effective August 18, and 8.25% effective November 10 (a) Calculate the interest payments on June 30, July 31. August 31, September 30, October 31, and November 30 (b) What is the account balance on November 30? Click the icon to view the transactions for the period June 1 to November 30, Tests The amount of interest charged on September 30 is (Round the final answer to the nearest cont as needed Round all intermediate values to six decimal places as needed) The amount of Interest charged on October 31 in s (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed) The amount of interest charged on November 30 is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The balance on November 30 is dollars. (Round the final answer to the nearest cont as needed Round all intermediate values to six decimal places as needed) Enter your answer in each of the answer boxes 8:00pm Jpe here to search ofte
