Question 22.34

4. Assume the same situation as in Exercise 3, but you also borrow $75 00 for each of your third and fourth years (again, the maximum amounts), again on September 1, all at a 4.29% interest rate. You finish college in four years, and you begin repayment on December 1 after graduation. What is your total debt on that December 1, and how much of that is interest?