Suppose your business has secured a line of credit and receives the

accompanying statement of account for the month of January. The limit on

your line of credit is $$1000\mathrm{.}00.$ You receive daily interest of $1\mathrm{.}3\%$ 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\mathrm{.}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 January.