Frog's Leap Vineyards has a $45,000 line of credit which charges an annual percentage rate of prime rate plus 6.5%. The starting balance on March 1 was $4,200. On March 8, they made a payment of $2,000, and on March 16, they borrowed $4,400. If the current prime rate is 10%, what is the new balance?

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The Answer of Frog's Leap Vineyards has a $45,000 line of credit which charges an annual percentage rate of prime rate plus 6.5%. The starting balance on March 1 was $4,200. On March 8, they made a payment of $2,000, and on March 16, they borrowed $4,400. If the current prime rate is 10%, what is the new balance?

Frog's Leap Vineyards Has a $45,000 Line of Credit Which