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FareStart experiences some seasonality in handling its cash balances. In December, contributions from donors increase its cash balances, and then moneys are used over the course of next year. By the month of September, FareStart gets tight on cash. To mitigate that, FareStart maintains a line of credit with a local bank, allowing it to draw up to $1,000,000 at a 6.58 percent annual interest rate, compounding monthly. a. In 2020, FareStart draws down $235,000 on October 1 and repays after the start of business on January 3, 2021. i. What is the total repayment amount? ii. How much interest FareStart has to pay? b. Second drawdown: FareStart borrows $200,000 on September 29, 2020 and repays on January 4", 2021. i. What is the total repayment amount? ii. How much interest Fare Start has to pay? c. Third drawdown, FareStart borrows $215,000 on October 15, 2020 and repays on January 7th, 2021. i. What is the total repayment amount? ii. How much interest FareStart has to pay? d. How much should be budgeted for total interest payments in 2020-21? (Add your answers from a, b, and c)