Question: Check My Work remaining) Go Fly a kite has a $27.500 line of credit which charges an annual percentage rate of prime rate plus 35%.

Check My Work remaining) Go Fly a kite has a $27.500 line of credit which charges an annual percentage rate of prime rate plus 35%. Their starting balance on April 1 was $7.000. On April 10 they borrowed $5,600. On April 18 the business made a payment of $2,400, and on April 27 they borrowed $3,900 if the current prime rate is 6%, what is the new balance

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