PLEASE FILL IN ALL THE BLANKS

Gayle has a HELOC with MCAP Financial Corporation at an interest rate of prime + 2%. Her current balance owing on November 1 is $14,500.00 and she is required to make interest-only payments on the first of every month. The prime rate is set at 4.25%. She makes one payment of $2,000.00 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 $14,500.00 Dec 1 6.25% Jan 1 6.25% Jan 19 6.25% $2,000.00 Feb 1 6.25%