Hunter Corp. requires a$.$ minimum $$20,000$ cash balance. If necessary, Inans are taken to meet this requirement at a cost of $1\%$ interest per month $($paid munthly$).$ If the ending casti bsalance exceeds the minimum, the excess will be appled to repaying any cutstanding loan balance. The cash balance on Apra $1$ is $$20,000.$ Cash receipts other than for hars received for April, May, and June are forecasted as $$68,000,$$$105,000,$ and $$112,000$ respectively. Payments pther than for laan or internst payments for the same period are planged at $$75,000,$$$101,000,$ and $$110,000$ respectivety. At April $1,$ there are no outstanding loars.

Prepare a casti budget for Apri, May, June. You can nound up your numbers to whole numbers on calculations.

"Hint $-$ you will have an putstanding loan balance stil at end of june.

t$5$ extra credit$-$tell me what the outctanding kan balance is at the end of June.

Edis Vlow lituitt format Tank Thale