Exotic Furnishings Ltd. has a line of credit secured by the equity in the business. The limit on the line of credit is $45 000. Transactions for the period April 1 to September 30 are shown below. Exotic owed $25 960.06 on its line of credit on April 1.

Indicates a negative balance
The line of credit agreement requires a regular payment of $200 on the principal plus interest (including overdraft interest) by electronic transfer after closing on the last day of each month. Overdraft interest is 17% p.a. The line of credit interest is variable. It was 6.00% on April 1, 5.50% effective June 20, and 5.00% effective September 10.
(a) Calculate the interest payments on April 30, May31, June 30, July31, August 31, & September 30.
(b) What is the account balance on September 30?
Determine the missing information for each of the following lines of credit.

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Principal Withdrawal Principal Payment Interest Payment Date Balance 25 960.06 30 May 23 31 June 30 July 19 31 Aug. 05 31 Sept. 30 200.00 5 000.00 200.00 200.00 5 000.00 200.00 10 500.00 200.00 200.00