Exotic Furnishings Ltd has a line of credit secured by the equity in the business. The limit on the line of credit is $44,000. Exotic owed $25,332.13 on its line of credit on March 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 20% p.a. The line of credit interest is variable. It was 5.4% on March 1, 6.35% effective May 18, and 5.65% effective August 10. (a) Calculate the interest payments on March 31, April 30, May 31, June 30, July 31, and August 31. (b) What is the account balance on August 31? B Click the icon to view the transactions for the period March 1 to August 31. Exotic Furnishings Ltd has a line of credit secured by the equity in the business. The limit on the line of credit is $44,000. Exotic owed $25,332.13 on its line of credit on March 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 20% p.a. The line of credit interest is variable. It was 5.4% on March 1, 6.35% effective May 18, and 5.65% effective August 10. (a) Calculate the interest payments on March 31, April 30, May 31, June 30, July 31, and August 31. (b) What is the account balance on August 31? B Click the icon to view the transactions for the period March 1 to August 31