The balance on Nucorp’s revolving loan began the month at $35,000. On the eighth of the month…

The balance on Nucorp’s revolving loan began the month at $35,000. On the eighth of the month another $10,000 was borrowed. Nucorp was able to repay $20,000 on the twenty-fifth of the 31-day month What was the average balance on the loan during the month? (Use each day’s closing balance as the loan balance for the day) (Round your answer to 2 decimal places) Luther is paid an annual salary of $56,600 based on a 37.-hour workweek a. What is his equivalent hourly wage? (Assume that a year has exactly 52 weeks.) (Round your answer to 2 decimal places.) 29.03 b. What would be his total remuneration for a biweekly pay period of that year if he worked 4.5 hours of overtime at time and a half? (Do not round intermediate calculations. Round your answer to 2 decimal places.) 2372.88

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