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March Statement Suppose your business has secured a line of credit and receives the accompanying statement of account for the month of March. The limit

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March Statement Suppose your business has secured a line of credit and receives the accompanying statement of account for the month of March. The limit on your line of eredit s 51000.00 . You roceive daily intorest of 1.1% p.a, on positive bolances and paly daily interest of 5% p. a. on negative (line of credit) balances. Overdraft interest is 18% p. on the daly amount exceoding your line of credit limit. There is a service charge of $5.00 for each transaction causing an overdraft or adding to an bverdaft. Use this information to complote parts (a) through (e) below. (a) Laiculate ine amount or interest earned. Total interest earned =$ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) Calculate the amount of interest charged on the line of credit. Total line of credit interest charged =$ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (c) Calculate the amount of interest charged on overdrafts. Overdraft interest =$ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (d) Calculate the amount of service charge. Service charge =$ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (e) What is the account balance on March 31

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