The following is a definite statement that "lack of scheduling or poor scheduling costs money". Express this in terms of money lost due to interest payment on loans in the following amounts: $6.5 million If you received 6.5% annual interest rates on the above loans and each of your projects was late by 6 months, please calculate the amount of simple interest you would have to pay in the following order: 1. Total interest per year 2. Total additional interest for the five months of extension 3. How much of extra interest would you be paying for everyday of extension?