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(Solved): Vertical Adventures has an open line of credit with a zero balance at its credit union using a fix ...



Vertical Adventures has an open line of credit with a zero balance at its credit union using a fixed interest rate of

7.35%

. On the last day of every month, the accrued interest must be paid. On July 8 and August 14, the company made advances of

$11,500.00

and

$12,000.00

, respectively. On July 30 , it made a payment of

$6,250.00

. Vertical Adventures will restore its zero balance on August 31. Construct a full repayment schedule from July 8 to August 31 . (Round all monetary values to the nearest penny.) (Use a minus sign before the dollar sign to denote a negative monetary value. For example, "-$149.63") (Give all "Number of Days" quantities as fractions with denominator 365.) \table[[Date,\table[[Balance],[before],[Transaction]],\table[[Annual],[Interest],[Rate]],\table[[Number],[of Days]],\table[[Interest],[Charged]],\table[[Accrued],[Interest]],\table[[Payment],[Advance],[

(-)
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