On July 15, when the prime rate was set at 4%, Canadian Footwear took out an operating loan from CIBC for $8,000.00 at prime plus 2%. The terms of the loan require a fixed payment of $1,470.00 on the 15th of every month until the loan is repaid. The prime rate climbed by 0.5% on September 30. Complete the repayment schedule below by filling in the appropriate interest rates. Date Balance Annual before Interest Transaction Rate Number Interest of Days Charged Accrued Interest Payment (+) or Advance (-) Principal Amount Balance after Transaction Jul 15 Aug 15 $8,000.00 $8,000.00 % 31/365 $40.77 $40.77 $1,470.00 $1,429.23 $6,570.77 Sep 15 $6,570.77 % 31/365 Sep 30 $5,134.25 % 15/365 $12.66 $33.48 $33.48 $1,470.00 $1,436.52 $12.66 $0.00 $5,134.25 $0.00 $5,134.25 Oct 15 $5,134.25 % 15/365 $13.71 $26.37 $1,470.00 $1,443.63 $3,690.62 Nov 15 $3,690.62 % 31/365 $20.37 $20.37 $1,470.00 $1,449.63 $2,240.99 Dec 15 $2,240.99 % 30/365 $11.97 $11.97 $1,470.00 $1,458.03 $782.96 Jan 15 $782.96 % 31/365 $4.32 $4.32 $787.28 $782.96 $0.00