Vertical Adventures has an open line of credit with a zero balance at its credit union using a fixed interest rate of 7.1%. On the last day of every month, the accrued interest must be paid. On July 8 and August 14, the company made advances of $11,750.00 and $15,000.00, respectively. On July 30, it made a payment of $7,750.00. Vertical Adventures will restore its zero balance on August 31. Construct a full repayment schedule from July 8 to August 31.

(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 with denominator 365.)

Date	Balance before Transaction	Annual Interest Rate	Number of Days	Interest Charged	Accrued Interest	Payment (+) or Advance (-)	Principal Amount	Balance after Transaction
Jul 8								$11,750.00
Jul 30	$11,750.00	7.1%	22/365	$50.28	$50.28	$7,750.00
Jul 31		7.1%	1/365				$0.00
Aug 14		7.1%	14/365			$15,000.00	$15,000.00
Aug 31		7.1%	17/365