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Everlyne has a personal LOC with her bank with a maximum credit limit of $11,000.00....

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Accounting

Everlyne has a personal LOC with her bank with a maximum credit limit of $11,000.00. The interest rate is prime plus 1.5%, and the current prime rate is 5%. Regardless of any account transaction activity,
her bank requires on the first of every month for her to pay "the greater of 5% of the current balance or $100n from her checking account. She is allowed to exceed her maximum credit limit, but if she does
the entire balance is subject to 25% interest until such time as the balance is restored below the credit limit. On October 1, the opening balance on her LOC was $2,900.00. She took advances of $3,700.00,
$4,600.00, and $4,700.00 on October 17, November 13, and December 1, respectively. She made payments of $4,000.00,$4,200.00, and $4,800.00 on November 1, November 22, and December 19,
respectively. The prime rate decreased by 0.25% on November 5.
Complete the repayment schedule below by filling in the interest charges for October, November, and December:
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