Loans

Scotiabank approved a $$230,000\mathrm{.}00$ line of credit for Buhler Industries at prime $+1\%.$ It requires only the repayment of accrued interest on the $24$ th of each month, which is automatically deducted from the

checking account of Buhler Industries. Buhler took out an advance on December $6$ for $$160,000\mathrm{.}00$ and made a payment of $$130,000\mathrm{.}00$ on January $16.$ The prime rate was $5\mathrm{.}25\%$ initially and increased to

$6\mathrm{.}5\%$ on January $7.$

Complete the repayment schedule below by filling in the payment and principal amounts.