8. [6 marks) A $5000 loan was issued on January 13. Simple interest of 1.25% is charged on the 15th of each month. On February 1, a $1450 payment was made and the interest rate changed to 1.5% on February 15. On March 1, an additional $700 was taken out on this loan. Complete a payment schedule for this scenario up to and including March 15 and show your calculations for the interest amounts. Consider February to have 28 days. Date # of Days Interest Interest Accrued Payment Principal Balance Rate Amount Interest (Adv.)