Hual takes out a $3400student fan at 6.4% to help him with 2 years of community college. After finishing the 2 years, he transfers to a state university and borrows another $12,100to defray expenses for the 5 semesters he needs to graduate. He graduates 4 years and 4 months after acquiring the first loan and payments are deferred for 3 months after graduation. The second loan was acquired 2 years after the first and had an interest rate of 7.9%. Find the total amount of interest that will accrue until payments begin Part: 0/3 Part 1 of 3 (a) Find the total amount of Interest that will acen.e for loan 1 (community College), Round your answer to two decimal The total amount of interest that will accrue for loan 1 (community college) is S places, if necessary