Question: The table below represents a contractor's overdraft requirements for a three-month project. Retainage is 10%, markup is 10%, and interest is 1% per month. The
The table below represents a contractor's overdraft requirements for a three-month project. Retainage is 10%, markup is 10%, and interest is 1% per month. The client is billed at the end of the month. Payment is received at the end of the next month. Retainage will be dropped out at last month of the construction period, and the accumulated retainage for the first two months will be paid to the contractor with the last payment. Complete the overdraft table provided below
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