Question 27 (6 points) Beth borrowed $5000 on demand from Canada Trust on February 23 for a Registered Retirement Savings Plan (RRSP) contribution. Because she used the loan proceeds to purchase Canada Trust's mutual funds for her RRSP, she received a special interest rate of prime plus 0.5%. Beth was required to make fixed monthly payments of $1000 on the 15th of each month, beginning April 15. The prime rate was initially 4.75%, but it jumped to 5% effective June 15 and increased another 0.25% on July 31. (It was not a leap year.) Complete the repayment schedule below. Date Number Interest Rate Interest (S) Accrued Payment Principal Balance (S) of Days (%) Interest (S) (Advance) Portion (S) (S) Feb 23 Apr 15 51 36.68 36.68 1000 963.32 4036.68 May 15 30 5.25 17.42 17.42 982.58 3054.10 Jun 15 31 5.25 13.62 13.62 1000 986.38 2067.72 Jul 15 30 5.5 9.35 9.35 1000 990.65 1077.07 Jul 31 16 5.5 2.60 2.60 0 1077.07 Aug 15 15 5.75 2.55 5.15 1000 994.85 Sep 15 31 5.75 0.40 0.40