Instructions: All necessary work must be shown to receive full credit. Answers submitted with little to no support will receive no credit. If you are unsure about a problem, try to explain what you think needs to be done in words.

#$1.$ A company has an open line of credit with a zero balance at its credit union using a fixed interest rate of $5\mathrm{.}4\%.$ On the last day of every month, the accrued interest must be paid. On May $2$ nd the company made an advance of $$20,000\mathrm{.}00.$ On July $22$ nd$,$ it made a payment of $$12,350\mathrm{.}00.$

Create the first $4$ months of the companys repayment schedule starting May $2$ th$.$