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  3. suzanne opens a line of credit at a local bank, an

Suzanne opens a line of credit at a local bank, and immediately borrows 1520 dollars....

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Accounting

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Suzanne opens a line of credit at a local bank, and immediately borrows 1520 dollars. 4 months later, she repays 1050 dollars. 2 months after the repayment, she borrows 500 more dollars. 6 months later, she repays 600 dollars. If no other transactions take place and the interest rate is 1.15 percent per month (compounded monthly), how much will she owe two years after she opened the line of credit? Answer = _______ dollars

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