Loans

Lynne has access to a HELOC that requires only the payment of accrued interest on the first of every month. On March $1,$ the opening balance on her HELOC was $$18,000\mathrm{.}00.$ She took advances of $$7,000\mathrm{.}00$ and $$13,000\mathrm{.}00$ on March $25$ and May $4,$ respectively. She made additional payments of $$9,000\mathrm{.}00$ and $$11,000\mathrm{.}00$ on April $13$ and June $12.$ The interest rate on her HELOC sits at prime plus $1\mathrm{.}25\%.$ On March $1,$ the prime rate was $3\mathrm{.}75\%.$ On April $24,$ it rose by $0\mathrm{.}25\%.$

Complete the repayment schedule below by filling in the appropriate numbers of days.

$($Give all "Number of Days" quantities as fractions with denominator $365.)$

$\backslash$table$[[$Date$,\backslash$table$[[$Balance$],[$before$],[$Transaction$]],\backslash$table$[[$Annual$],[$Interest$],[$Rate$]],\backslash$table$[[$Number$],[$of Days$]],\backslash$table$[[$Interest$],[$Charged$]],\backslash$table$[[$Accrued$],[$Interest$]],\backslash$table$[[$Payment$],[(+)$ or$],[$Advance$],[--]],\backslash$table$[[$Principal$],[$Amount$]],\backslash$table$[[$Balance after$],[$Transaction$]]],[$Mar $1,,,,,,,$$$18,000\mathrm{.}00,],[$Mar $25,$$$18,000\mathrm{.}00,5\%,,$$$59\mathrm{.}18,$$$59\mathrm{.}18,-$$$7,000\mathrm{.}00,-$$$7,000\mathrm{.}00,$$$25,000\mathrm{.}00$