Amarjeet graduated from the University of Calgary on May 2 and has student loans totalling $38,000.00. The prime rate upon graduation was 4.5%. He has decided to pay in full the interest charged during the grace period (le, he is not converting it to principal) before starting monthly payments of $600.00 at the fixed interest rate Calculate the total interest paid during the grace period and the first three months of his repayment schedule (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 al Number of Days" quantities as fractions, as shown in the textbook examples) Balance before Transaction Annual Interest Rate Date Number of Days Interest Charged Accrued Interest Payment (*) or Advance (.) Principal Amount Balance after Transaction $38,000 00 538.000.00 June 1 NOV 30 (Inclusive) Dec 31 7% 183/365 SO $0.00 $600.00 9.5% 30/365 Jan 31 9,5% 31/365 5600 00 Feb 29 95% 29/365 $600.00 Amarjeet graduated from the University of Calgary on May 2 and has student loans totalling $38,000.00. The prime rate upon graduation was 4.5%. He has decided to pay in full the interest charged during the grace period (le, he is not converting it to principal) before starting monthly payments of $600.00 at the fixed interest rate Calculate the total interest paid during the grace period and the first three months of his repayment schedule (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 al Number of Days" quantities as fractions, as shown in the textbook examples) Balance before Transaction Annual Interest Rate Date Number of Days Interest Charged Accrued Interest Payment (*) or Advance (.) Principal Amount Balance after Transaction $38,000 00 538.000.00 June 1 NOV 30 (Inclusive) Dec 31 7% 183/365 SO $0.00 $600.00 9.5% 30/365 Jan 31 9,5% 31/365 5600 00 Feb 29 95% 29/365 $600.00