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Lacy has a $42,500:00 student loan when she graduates on May 4 , and the prime rate is set at 5,25%. She has decided at

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Lacy has a $42,500:00 student loan when she graduates on May 4 , and the prime rate is set at 5,25%. She has decided at the end of the grace period to convert the interest to principal, and she sets her fixed moathy payment at $1,000.00. She opts for the variable rate on her student loan. Greate the first four repayments of her repayment schedule. Calculate the total interest charged for both the grace period and the four payments combined. Assume February coes not invohve a leap year. (Round ail monefary values to the nearest penny) (Use a minus sign before the dollar sign to denoto a negative monelary value. For exampio. 55149.63 ) (Give an "Number of Days" quantities as fractions with denominator 365) ) Total combined interest charged for grace period and first four months

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