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Letter of credit or line of credit. As We Go Bank offers its customers a line-of-credit loan in which each month's outstanding balance has an
Letter of credit or line of credit. As We Go Bank offers its customers a line-of-credit loan in which each month's outstanding balance has an interest charge at 12.7% APR. For the loans in the popup window, all with a $100,000 credit line, what are the required monthly interest payments and the total interest paid for the year? (Round to the nearest cent.) Interest Loan A Interest Loan B Interest Loan C Interest Loan D Month January i Data Table $53,852 $ 0 January February March April May June July August September October November December $22,162 $31,690 $16,597 $24,846 $31,717 $48,695 $37,146 $28,107 $23,095 $24,458 $27,308 $18,708 $68,066 $82,778 $96,327 $45,321 $13,594 $ 0 $ 0 $ 0 $22,535 $36,980 $48,922 $55,546 $ 0 $ 0 $ 0 $98,096 $92,850 $95,628 $60,229 $54,431 $36,644 $22,944 $ 0 $ 0 $41,443 $ 0 $80,412 $ 0 $65,253 $ 0 $47,553 $ 0 $46,016 $ 0 Print Print Done Done
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