For september, what is the answer to:

-interest on bank loan

-preliminary cash balance

-additional loan(loan repayment)

-ending cash balance

And please tell me how you solved it, particularly the interest on bank loan and additional loan for september.

Help Wi xY of south carelx wconnect.mh gy omework Help Save & E Che Karim Corp requires a minimum $9.400 cash balance. If necessary, loans are taken to meet this requirement at a cost of 1% interest per month (paid monthly) Any excess cash is used to repay loans at month-end. The cash balance on July 1 is $9.800 and the company has no outstanding loans. Forecasted cash receipts (other than for loans received) and forecasted cash payments (other than for loan or interest payments) follow. Cash receipts Cash payments 25,4 533,400 $41,400 30,100 33,400 Prepare a cash budget for July, August, and September. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. Round your final answers to the nearest whole dollar.) Cash Budget For July, August, and September July Beginning cash balance Cash receipts 9 400 41,400 50.800 25 400 Total cash available 35 200 42.800 PreK 2.of 7 Next > F11 F12 Home End F7 F8 F9 F10 F6 Chapter 20 Hommet Help W ttps:// A Geology r-20 Homework indicated with minus sign. Round your final answers to the nearest whole dollar) Cash Budget For July, August, and 9,800 s 25,400 35,200 9,400 s 33,400 42.800 9 400 41,400 50.800 (33,400) Beginning cash balance ash receipts Total cash available (30,100) (31,400 nterest on bank loan Preliminary cash balance 4.300 9,400 $ 11,357 (1,957) 9.400 Ending cash balance Loan balance Loan balance - Beginning of month $ Additional loan (loan repayment) Loan balance-End of month 1957) DOLL F3 F4 F5 F6 F7 F8 F9 F10 : F11