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Vertical Adventures has an open line of credit with a zero balance at its credit union using a fixed interest rate of 7.3%. On the

Vertical Adventures has an open line of credit with a zero balance at its credit union using a fixed interest rate of 7.3%. On the last day of every month, the accrued interest must be paid. On July 8 and August 14, the company made advances of $12,500.00 and $14,750.00, respectively. On July 30, it made a payment of $7,500.00. Vertical Adventures will restore its zero balance on August 31. Construct a full repayment schedule from July 8 to August 31.

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