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Exotic Furnishings Ltd. has a line of credit secured by the equity in the business. The limit on the line of credit is $45,000. Exotic

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Exotic Furnishings Ltd. has a line of credit secured by the equity in the business. The limit on the line of credit is $45,000. Exotic owed $25,082.18 on its line of credit on May 1. The line of credit agreement requires a regular payment of $250.00 on the prinepal plus interest (including overdraft interest) by electronic transfer aller closia on the last day of each month Overdraft interest is 15%pa The line of credit interest is variable. It was 74% on May 1, 6.4% offectivo July 11, and 7.30% tal Calculate the interentaments on May 31 Jun 30 JUN 31 August 31 September 30, and October 31 (a) The amount of interest charged on May 31 is (Round the final answer to the nearest cont as needed. Round all intermediate values to six decimal places as noded.) Transactions Principal Withdrawal Principal Payment Interest Payment Balance e -26,082.18 250.00 ? Date May 01 31 June 24 30 July 31 Aug. 18 6500.00 250.00 250.00 ? ? 5500.00 250.00 ? 31 Sept. 10 30 Oct. 31 10,500.00 250.00 250.00 ? ? ? Exotic Furnishings Ltd. has a line of credit secured by the equity in the business. The limit on the line of credit is $45,000. Exotic owed $25,082.18 on its line of credit on May 1. The line of credit agreement requires a regular payment of $250.00 on the prinepal plus interest (including overdraft interest) by electronic transfer aller closia on the last day of each month Overdraft interest is 15%pa The line of credit interest is variable. It was 74% on May 1, 6.4% offectivo July 11, and 7.30% tal Calculate the interentaments on May 31 Jun 30 JUN 31 August 31 September 30, and October 31 (a) The amount of interest charged on May 31 is (Round the final answer to the nearest cont as needed. Round all intermediate values to six decimal places as noded.) Transactions Principal Withdrawal Principal Payment Interest Payment Balance e -26,082.18 250.00 ? Date May 01 31 June 24 30 July 31 Aug. 18 6500.00 250.00 250.00 ? ? 5500.00 250.00 ? 31 Sept. 10 30 Oct. 31 10,500.00 250.00 250.00

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