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2 points Mayfair Fashions has a line of credit approved at an interest rate of prime plus 2. Mayfair's first withdrawal from the line of credit was 540.000 on March 8. On April 20. Mayta payment which is used to pay off accrued interest to that date, and the remainder for principal repayment. On May 24th Mayfair makes a final payment to settle the outstandi the following interest portion of the April 20th Payment. The final payment due on May 24th You may use the table below for your calculations Date days between Interest Rate Interest Accrued test Pay() Principal partie Dates March 8, 2014 April 20, 2014 43 May 24, 2014 34 2 points SA Mayfair Fashions has a line of credit approved at an interest rate of prime plus 2. Mayfair's first withdrawal from the line of credit was $40.000 on March B. on April 20 Mayfair makes a single $10,000 payment which is used to pay off accrued interest to that date, and the remainder for principal repayment on May 24th Mayfair makes a final payment to settle the outstanding loan. if prime is determine the following interest portion of the April 20th Payment. The final payment due on May 24th. You the below for your calculations days between Interest Rate Interest Accrund Interest Paymes (advance) Principal portion Balance Dates March 8, 2014 April 20, 2014 May 24, 2014 34 Dale 43

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