Chapter 8. Exercise Sed Hel 10 10 Spoed Harjap completed his program at Nova Scotia Community College in December. On Line 30, he paid all of the interest that had accrued at prime plus 2.5%) on his $5800 Canada Student Loan during the six-month grace period. He selected the fored-tate option (prime plus 5%) and agreed to make end-of-month payments of $95 beginning July 31. The prime rate was 89 at the beginning of the grace perlod and rose by 0.5% effective March 29. On August 13 the prime rate rose another 0.5% The relevant February had 28 day .. What amount of interest accrued during the grace perlod? (Use 365 days a year. Do not round Intermedinte enlculations and round your final answer to 2 decimal places.) Interest $ b. Calculate the total interest paid in the first three regular payments, and the balance owed after the third payment (Do not round intermediate calculations and round your final answer to 2 decimal places.) Total Interest paid Balance Chapter 8. Exercise Sed Hel 10 10 Spoed Harjap completed his program at Nova Scotia Community College in December. On Line 30, he paid all of the interest that had accrued at prime plus 2.5%) on his $5800 Canada Student Loan during the six-month grace period. He selected the fored-tate option (prime plus 5%) and agreed to make end-of-month payments of $95 beginning July 31. The prime rate was 89 at the beginning of the grace perlod and rose by 0.5% effective March 29. On August 13 the prime rate rose another 0.5% The relevant February had 28 day .. What amount of interest accrued during the grace perlod? (Use 365 days a year. Do not round Intermedinte enlculations and round your final answer to 2 decimal places.) Interest $ b. Calculate the total interest paid in the first three regular payments, and the balance owed after the third payment (Do not round intermediate calculations and round your final answer to 2 decimal places.) Total Interest paid Balance