Module 12 Homework: Problem 1 Previous Problem Problem List Next Problem (1 point) Loans Clinton Nwandu Gayle has a HELOC with MCAP Financial Corporation at an interest rate of prime + 2%. Her current balance owing on November 1 is $13,000.00 and she is required to make interest-only payments on the first of every month. The prime rate is set at 4%. She makes one payment of $2,250.00 on January 19. Create three months of her repayment schedule. (Round all monetary values to the nearest penny.) (Use a minus sign before the dollar sign to denote a negative monetary value. For example, " $149.63") (Give all "Number of Days" quantities as fractions, as shown in the textbook examples.) Balance before Transaction Date Annual Interest Rate Number of Days Interest Charged Payment (+) or Advance Accrued Interest Principal Amount Balance after Transaction Nov 1 $13,000.00 Dec 1 6% Jan 1 6% Jan 19 6% $2,250.00 Feb 1 6% Module 12 Homework: Problem 1 Previous Problem Problem List Next Problem (1 point) Loans Clinton Nwandu Gayle has a HELOC with MCAP Financial Corporation at an interest rate of prime + 2%. Her current balance owing on November 1 is $13,000.00 and she is required to make interest-only payments on the first of every month. The prime rate is set at 4%. She makes one payment of $2,250.00 on January 19. Create three months of her repayment schedule. (Round all monetary values to the nearest penny.) (Use a minus sign before the dollar sign to denote a negative monetary value. For example, " $149.63") (Give all "Number of Days" quantities as fractions, as shown in the textbook examples.) Balance before Transaction Date Annual Interest Rate Number of Days Interest Charged Payment (+) or Advance Accrued Interest Principal Amount Balance after Transaction Nov 1 $13,000.00 Dec 1 6% Jan 1 6% Jan 19 6% $2,250.00 Feb 1 6%