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Jung pays prime +2.25% on his small business line of credit. On the 10th of...

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Accounting

Jung pays prime +2.25% on his small business line of credit. On the 10th of each month, interest is calculated (up to but not including the 10th) and deducted from the companys chequing account. Jungs first loan advance of $11,275 was made on May 18, followed by a further advance of $10,260 on June 21. The prime rate was at 2.85% on May 18 and rose to 3.05% on June 26. How much interest was charged on June 10 and July 10?(Use 365 days a year. Do not round intermediate calculations. Round your final answers to 2 decimal places.)
Interest charged on June 10 $
Interest charged on July 10 $

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