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Look at the table provided, calculate the interest on overdraft balance with 1% and the total financed amount of a construction project for 4 months.
Look at the table provided, calculate the interest on overdraft balance with 1% and the total financed amount of a construction project for 4 months.
\begin{tabular}{|l|c|c|c|c|} \hline & \multicolumn{4}{|c|}{ Months } \\ \hline & 1 & 2 & 3 & 4 \\ \hline Overdraft at the end of the month & $35,000.00 & $102,600.00 & $167,440.00 & $92,790.00 \\ \hline Interest on overdraft balance (1\%) & & & & \\ \hline Total Amount Financed & & & & \\ \hline \end{tabular}Step by Step Solution
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