As We Go Bank offers its customers a line of credit loan in which each month’s outstanding balance requires a 12% (APR). What are the monthly interest payments required on the following loans and total interest paid for the year on these loans with a $100,000 credit line?

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Outstanding Outstanding Balance Outstanding Outstanding Balance Balance Balance Loan A Loan B Loan C Loan D $22,500 $31,000 $16,000 $24,300 sO so $53,500 S68,000 S82,500 S96,000 $45,000 January February SO $O $98,000 $92,000 $95,000 $40,300 March April May sO S80,100 sO $65,900 SO $31,500 $48,600 $13,200 SO June July August September October $37,000 so S60,000 $54,000 $36,000 S22,000 SO SO $28,900 $23,300 $24,700 $27,600 $18,500 so $22,000 S36,700 $48,200 $55,900 $48,000 SO November $46,100 sO December