Question Help Exotic Furnishings Ltd has a line of credit secuted by the equity in the business The limit on the line of credit is $43.000 Exotic owed 525 532 82 on its line of credit on April 1. The line of credit agreement requires a regular payment of $150 00 on the prindpar plus interest (including overdraft interest) by electronic transfer after closing on the last day of each month Overdraft interest is 16% pa The line of credit interest is variable. It was 5.3% on April 1,4 45% effective June 16, and 5 20% effective September 12 (a) Calculate the interest payments on April 30 May 31, June 30, July 31 August 31, and September 30 (b) What is the account balance on September 307 m Click the icon to view the transactions for the period April 1 to September 30 - X Transactions (a) The amount of interest charged on April 30 is (Round the final answer to the nearest cent as needed Round all intermediate values to se decimal places as needed) Principal Withdrawal Principal Payment Interest Payment Balance 0 25,532.82 150.00 > The amount of interest charged on May 31 is (Round the final answer to the nearest cent as needed Round all intermediate values to so decimal places as needed) The amount of interest charged on June 30 is $ (Round the final answer to the nearest cent as needed Round all intermediate values to so decimal places as needed) The amount of interest charged on July 31 is (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed 5000 00 Date Apr 01 30 May 14 31 June 30 July 11 31 Aug 05 31 Sept 30 150.00 150.00 2 2 5000.00 150.00 2 10,000.00 The amount of interest charged on August 31s (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed 150.00 150 00 2 2 2 The amount of interest charged on September 30 is (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed) Print Done (b) The balance on September 30 is dollars (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed) Question Help Exotic Furnishings Ltd has a line of credit secuted by the equity in the business The limit on the line of credit is $43.000 Exotic owed 525 532 82 on its line of credit on April 1. The line of credit agreement requires a regular payment of $150 00 on the prindpar plus interest (including overdraft interest) by electronic transfer after closing on the last day of each month Overdraft interest is 16% pa The line of credit interest is variable. It was 5.3% on April 1,4 45% effective June 16, and 5 20% effective September 12 (a) Calculate the interest payments on April 30 May 31, June 30, July 31 August 31, and September 30 (b) What is the account balance on September 307 m Click the icon to view the transactions for the period April 1 to September 30 - X Transactions (a) The amount of interest charged on April 30 is (Round the final answer to the nearest cent as needed Round all intermediate values to se decimal places as needed) Principal Withdrawal Principal Payment Interest Payment Balance 0 25,532.82 150.00 > The amount of interest charged on May 31 is (Round the final answer to the nearest cent as needed Round all intermediate values to so decimal places as needed) The amount of interest charged on June 30 is $ (Round the final answer to the nearest cent as needed Round all intermediate values to so decimal places as needed) The amount of interest charged on July 31 is (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed 5000 00 Date Apr 01 30 May 14 31 June 30 July 11 31 Aug 05 31 Sept 30 150.00 150.00 2 2 5000.00 150.00 2 10,000.00 The amount of interest charged on August 31s (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed 150.00 150 00 2 2 2 The amount of interest charged on September 30 is (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed) Print Done (b) The balance on September 30 is dollars (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed)