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Lynne has access to a HELOC that requires only the payment of accrued interest on the first of every month. On March 1 , the

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 $16,000.00. She took advances of $6,000.00 and $13,000.00 on March 17 and May 9, respectively. She made additional payments of $8,000.00 and $10,000.00 on April 14 and June 8. The interest rate on her HELOC sits at prime plus 1.75%. On March 1, the prime rate was 3.25%. On April 19, it rose by 0.25%.
Complete the repayment schedule below by filling in the appropriate numbers of days.
(Give all "Number of Days" quantities as fractions with denominator 365.)
\table[[Date,\table[[Balance],[before],[Transaction]],\table[[Annual],[Interest],[Rate]],\table[[Number],[of Days]],\table[[Interest],[Charged]],\table[[Accrued],[Interest],[(+) or],[Advance],[(-)
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