Question: tried to get help, but the solution was off a bit. can someone help me figure this out please? Sramble Enterprises had a tough month

tried to get help, but the solution was off a bit. can someone help me figure this out please?

tried to get help, but the solution was off a bit. can

Sramble Enterprises had a tough month in May, but June's sales and cash activity are looking strong. Bramble had to borrow $3,000 in May in order to maintain the company's required minimum balance of $5,000. The loan carries an annual interest rate of 6%, with nonthly interest payments required. Loan withdrawals, in $1,000 increments, are assumed to be taken out on the first of the month. -oan payments, also in $1,000 increments, reduce the principal on the last day of the month. The June 1 cash balance is $5,780. With judgeted cash receipts of $105,000 and cash disbursements of $102,800 in June, how much of the prior month's loan would Bramble je able to pay off in June, if any? What is Bramble's projected ending cash balance in June? Loan paid off $ $

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