(Solved): Cook 5ecurny Systems has a \( \$ 37,500 \) line of credit, which charges an annial percentage rate ...

Cook 5ecurny Systems has a \( \$ 37,500 \) line of credit, which charges an annial percentage rate of prime rate plut \( 4 \% \). The starting balance on October i nas 59,500 On October 4 they made a payment of \$ \( \$, 000 \). On Octeber 13 the butiness boriowed \( 42,300_{4} \) and on October 19 they berewed \( \$ 4,200,3 \) the current pnime rake is 6\%, what is the new balance (in 4\( ) \) ? (keund your answer to the nearest cent.)