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4 -5 = 7 Espatial 10 Huai takes out a $3600 student loan at 6.5% to help him with 2 years of community college. After finishing the 2 years, he transfers to a state university and borrows another $12,400 to defray expenses for the 5 semesters he needs to graduate. He graduates 4 years and 4 months after acquiring the first loan and payments are deferred for 3 months after graduation. The second loan was acquired 2 years after the first and has an interest rate of 7.3%. Find Hual's monthly payment when regular payments begin. Part 1 of 3 B X (a) Calculate the monthly payment on loan 1 (community college). Round your answer to two decimal places, if necessary. The monthly payment on loan 1 (community college) is $ 75.86 Correct Answer: The monthly payment on loan 1 (community college) is $52.87. Part: 1 / 3 Part 2 of 3 (b) Calculate the monthly payment on loan 2 (state university). Round your answer to two decimal places, if necessary. The monthly payment on loan 2 (state university) is $ 546.02 . X