Harjap completed his program at Nova Scotia Community College in December. On June 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 fixed-rate option (prime plus 5%) and agreed to make end-of-month payments of $95 beginning July 31. The prime rate was 8% at the beginning of the grace period and rose by 0.5% effective March 29. On August 13, the prime rate rose another 0.5%. The relevant February had 28 days. a. What amount of interest accrued during the grace period? (Use 365 days a year. Do not round intermediate calculations 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 $