Question: Hamid has a HELOC at prime + 2 % . On April 1 , he made his first withdrawal of $ 2 1 , 0

Hamid has a HELOC at prime +2%. On April 1, he made his first withdrawal of $21,000 when the prime interest rate was 3.75%. Hamid decided to make a fixed payment of $1,014 on the first of every month.
Create the first three months of Hamid's repayment schedule and report each month's balance after transaction in the response area below. Assume the prime lending rate remains constant. Round your answers to two decimal places.
Balance after Transaction
May 1: $
June 1: $
July 1: $
 Hamid has a HELOC at prime +2%. On April 1, he

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