Suppose your business has secured a line of credit and receives the accompanying statement of account for the month of March. The limit on your line of credit is $1000.00. You receive daily interest of 1.1% p.a. on positive balances and pay daily interest of 8% p.a. on negative (line of credit) balances. Overdraft interest is 20% p.a. on the daily amount exceeding your line of credit limit. There is a service charge of $5.00 for each transaction causing an overdraft or adding to an overdraft. Use this information to complete parts (a) through (e) below. Click the icon to view the statement for the month of March. (a) Calculate the amount of interest earned. Total interest earned = $0 (Round the final answer to the nearest cent as need x March Statement (b) Calculate the amount of interest charged on the Deposit Withdrawal Balance Total line of credit interest charged = $| (Round the final answer to the nearest cent as need (c) Calculate the amount of interest charged on ove Date Overdraft interest = $ (Round the final answer to the nearest cent as need Transaction Description Balance Cheque 263 Cheque 264 Deposit Cheque 265 Cheque 266 March 2 6 13 20 25 28 31 539.00 203.00 2091.00 - 791.43 - 1330.43 - 1533.43 557.57 490.57 358.57 ? 67.00 132.00 (d) Calculate the amount of service charge. Service charge = $0 (Round the final answer to the nearest cent as need (e) What is the account balance on March 31? Print Done Done The account balance on March 31 is dollars. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Suppose your business has secured a line of credit and receives the accompanying statement of account for the month of March. The limit on your line of credit is $1000.00. You receive daily interest of 1.1% p.a. on positive balances and pay daily interest of 8% p.a. on negative (line of credit) balances. Overdraft interest is 20% p.a. on the daily amount exceeding your line of credit limit. There is a service charge of $5.00 for each transaction causing an overdraft or adding to an overdraft. Use this information to complete parts (a) through (e) below. Click the icon to view the statement for the month of March. (a) Calculate the amount of interest earned. Total interest earned = $0 (Round the final answer to the nearest cent as need x March Statement (b) Calculate the amount of interest charged on the Deposit Withdrawal Balance Total line of credit interest charged = $| (Round the final answer to the nearest cent as need (c) Calculate the amount of interest charged on ove Date Overdraft interest = $ (Round the final answer to the nearest cent as need Transaction Description Balance Cheque 263 Cheque 264 Deposit Cheque 265 Cheque 266 March 2 6 13 20 25 28 31 539.00 203.00 2091.00 - 791.43 - 1330.43 - 1533.43 557.57 490.57 358.57 ? 67.00 132.00 (d) Calculate the amount of service charge. Service charge = $0 (Round the final answer to the nearest cent as need (e) What is the account balance on March 31? Print Done Done The account balance on March 31 is dollars. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)