K A student takes out a loan of $2,500 at the beginning of each semester (semi-annually) for 11 semesters to pay for college. The loan charges 5.8% interest compounded semiannually. The student graduates after the semesters and refinances the loan to a lower 5.1% rate compounded monthly with monthly payments (made at the end of each month) for 120 months. Find the monthly payment and the total interest paid. The monthly payment is $. (Round to the nearest cent as needed.) Save The total amount of interest paid is. $. (Round to the nearest cent as needed.)

monthly payment and the total interett paid The monthly payment is $ (Round to the nearest cent as needed) The fotal amount of interest paid is (Round to the noarest cent as needed.)