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On July 1 5 , when the prime rate was set at 4 . 5 % , Canadian Footwear took out an operating loan from
On July when the prime rate was set at Canadian Footwear took out an operating loan from CIBC for $ at prime plus The terms of the loan require a fixed payment of $ on the th of every month until the loan is repaid. The prime rate climbed by on September
Complete the repayment schedule below by filling in the appropriate interest rates.
tableDatetableBalancebeforeTransactiontableAnnualInterestRatetableNumberof DaystableInterestChargedtablePaymentInterest orAdvance
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