5. You borrow $11,500 at 6.8% interest. You graduate 2 years after loan is acquired. Payments were deferred for 3

5. You borrow $11,500 at 6.8% interest. You graduate 2 years after loan is acquired. Payments were deferred for 3 months after graduation. Find the interest that accrues in a 30-day month, then find the total amount of interest that will accrue before regular payments begin (using 30- day months)

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