chloe tolbert 06/03/22 10:16 AM (? Homework: Section 8.2-8.3 HW Score: 60%, 6 of 10 points Assignment Question 10, 8.3.49 Points: 0 of 1 Save A student graduates from college with $50,000 in student loans with a 7.7% annual simple interest rate. In order to reduce his debt as quickly as possible, beginning next month he is going to pay $600 per month towards the loan. After his first payment, how much will he owe on the loan? After his first payment, he will still owe $| on his loan. (Round to the nearest cent as needed.)