• Kari had total Canada student loans of $3800 when she completed her program at Niagara College in December. He had enough savings at the end of June to pay the interest earned during the six-month grace period. Kari made arrangements with the National Student Loan Service Center to begin paying the $60 at the end of the month in July. He chose the fixed interest rate option (at prime plus 5%) when the prime rate was 5.5%. Create a loan repayment schedule up to and including the September 30 payment. (Round your answers to the nearest cent.) number of days date Rate of interest (%) 1-July 31-July 30 10.50 31-August 31 10.50 30-September 30 interest ($) 32.79 interest earned ($) 32.79 Payment (advance) ($) 60.00 Principal ($) Balance ($) 3,800.00 27.21 3,772.79 10.50