Question: On July 15 , when the prime rate was set at 4.5%, Canadian Footwear took out an operating loan from CIBC for $9,250.00 at prime

On July 15 , when the prime rate was set at 4.5%, Canadian Footwear took out an operating loan from CIBC for $9,250.00 at prime plus 1.75%, The terms of the loan require a fixed payment of $1,750,00 on the 15 th of every month untif the loan is repald. The prime rate climbed by 0.5% on September 22 . Complete the repayment schedule below by filling in the appropriate interest rates

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