8. (8 points) On the 1st of the year ABC industries takes out a $500,000 loan. They agree to pay the interest due at the end of each year, where the interest is the prime rate plus 135 bps. The prime rate at the beginning of the first, second, and third years are 5.1%, 4.4%, and 4.7% respectively How much interest does ABC industries pay at the end of the 3rd year? (A) $30,250 (B) $30,500 (C) $30,750 (D) $23,500 (E) $23,750 (F) $24,000