Suppose that you need $30,000 for your last year of college (you've got to finish!). You could go to a private lending institution a apply for a signature student loan; rates range from 7% to 14%. However, your Aunt Sally is willing to lend you the money from her retirement savings, with no repayment until after graduation. All she asks is that in the meantime, you pay her each month the amount of interest that she would otherwise get on her $30,000 of savings (since she needs that to live on), which earns an annual simple interest rate of 2.8%. (Round each answer to two decimal places.) What is your monthly payment to her? (Aunt Sally will be glad to hear from you every month, anyway!) Monthly payment: \$ Calculate the total interest you will pay her over the school year ( 9 months). Total interest: $ Incorrect