Question: On July 15 , when the prime rate was set at 4.75%, Canadian Footwear took out an operating loan from ClBC for $10,000.00 at prime

On July 15 , when the prime rate was set at 4.75%, Canadian Footwear took out an operating loan from ClBC for $10,000.00 at prime plus 2%. The ferms of the loan require a fixed payment of $1,990.00 on the 15 th of every month until the loan is repaid. The prime rate climbed by 0.5% on $eptemter. 23 . Complete the repayment schedule below by filling in the appropriate interest rates

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