On May 13, 2022, a college graduate takes an interest-only loan of $80,000 at an annual interest rate of 7%. The first payment is scheduled for June 13, 2022. On June 13, 2022, instead of making the regular-size payment, he pays 1,500. Each month after that he makes the regular payment 3a) What is the size of the payment made on August 13, 2022? 3b) When will the loan be paid off? 7778025 y4 7036 95175209 :360471592 e45556666778889 4455681 4 7 03 6 0-05-1 7 4 1 9 7 6 5 77.7 8 8 8 8 9 9 9 0 0 0 1 1 1 2. 5% 0% 5% 4. 5 5 6 6 7 7 8 8 9 9 10 10 1 1 2. pt05