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Gayle has a HELOC with MCAP Financial Corporation at an interest rate of prime +2.25%. Her current balance owing on November 1 is $13,750.00 and
Gayle has a HELOC with MCAP Financial Corporation at an interest rate of prime +2.25%. Her current balance owing on November 1 is $13,750.00 and she is required to make interest-only payments on he first of every month. The prime rate is set at 4.25%. She makes one payment of $2,750.00 on January 19 . Create three months of her repayment schedule. 'Round all monetary values to the nearest penny.) 'Use a minus sign before the dollar sign to denote a negative monetary value. For example, "-\$149.63".) "Give all "Number of Days" quantities as fractions with denominator 365 .)
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